Marriott signs LE56 billion deal in Egypt with major 9-hotel expansion
Marriott International has signed a deal with Misr Italia Properties and People & Places Real Estate Development to build nine new hotels and resorts across Egypt, adding over 1,800 rooms and suites to the country’s coastal and urban destinations, Masrawy reported.
The deal was signed by Shady Hassan, Marriott’s Vice President of Development for North Africa, alongside Misr Italia Properties co-CEOs and People & Places co-founders Mohamed Khaled El Assal and Karim Khaled El Assal.
Karim Khaled El Assal added that the combined efforts between the companies have so far developed a portfolio of more than 1,800 hotel rooms and branded residences across key regions in the country.
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