Cairo - Mubasher: Palm Hills Developments Company has signed an agreement with Marriott International to develop The St. Regis Hotel & Residences Palm Hills, a luxury hospitality project in West Cairo.
The hotel will feature 150 luxury guestrooms, 50 serviced apartments, and 150 branded residences, according to a bourse filing.
The collaboration highlights Palm Hills’s push to enhance Egypt’s tourism sector, while creating world-class, integrated communities.
Yasseen Mansour, Chairman and CEO of Palm Hills, stated:“Introducing the St. Regis brand to West Cairo reflects Egypt’s strong standing as a key tourism destination and its steady progress on the global stage.”
“With the official opening of the Grand Egyptian Museum and its positive impact on tourism and cultural development, this partnership supports national plans to develop Egypt’s tourism infrastructure,” the CEO emphasized.
He added: “We are expanding our hospitality offerings in a sustainable way, with plans to add up to 3,000 hotel rooms in the coming years.”
For his part, Hazem Badran, CO-CEO and Managing Director of Palm Hills, concluded: “Extending our relationship with Marriott International reflects Palm Hills’ unwavering commitment to supporting the growth of Egypt’s tourism sector, a vital pillar of national economic development.”
Earlier this month, Palm Hills’ ordinary general meeting (OGM) approved a financial lease agreement with the International Company for Leasing (Incolease) valued at up to EGP 865.93 million.
