Dubai – Mubasher: UAE-based TIME Hotels on Monday announced plans to launch its first beach resort in Egypt under the name TIME Nozha Aqua Park Hotel & Resort in the Red Sea governorate of Ras Sudr.
Slated for inauguration in December, the four-star property boasts sophisticated 52 guest rooms, four suites, and 14 chalets as well as a four food-and-beverage (F&B) lounges and a beach restaurant.
Along with other all-day dining cafés and restaurants, the hotel will host waterslides, kids’ aqua parks, a 14-hour fitness centre, and a 24-hour fitness and leisure centre added to ladies-only pools, the UAE developer said in a statement.
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“With a resurgence in tourists in recent years, Egypt presents new opportunities for TIME Hotels to expand its presence,” TIME Hotels CEO Mohamed Awadalla commented.
We will be focusing on expansion as the main driver of our business plan in the coming few years, Awadalla went on, citing new hotel openings across Dubai, Sharjah, Saudi Arabia, and Egypt.
By 2020, our total portfolio will rise to 20 properties, the top official added.
As many as 33 units are slated to be added to the resort in 2019, TIME said, noting that the hotel would feature spacious rooms perfect for large gatherings and an expansive conference room.
For his part, Nozha Group CEO Abdallah Al Maghraby said that his company’s “partnership with TIME Hotels reflects our commitment to touristic resorts and the real estate sector as we look to inject investments of around EGP 3 billion in Cairo and Ras Sudr in Southern Sinai.”
The deal was signed between Nozha Beach and TIME Hotels on Thursday, 18 October 2018 at the Cairo Marriot Hotel.
Last week, Awadalla told Mubasher in an interview that his company was looking to manage between five and six properties in the Arab world's most populous country in the coming two years.
