MALTA | CHI Hotels & Resorts announced the signing of a management agreement with Cyrene Tourism Investment Corporation of Egypt for the operation of two new upscale properties in the highly popular Egyptian resort of Sharm el Sheikh. Both hotels will form part of a major resort destination to be known as the Corinthia Beach Resort.
The Corinthia Hotel will be a five-Star deluxe property located on a stunning beach front in Montazah, Sharm El Sheikh. The property will become operational in the last quarter of 2009 and will offer 220 deluxe suites, independent restaurants, a club house and fully serviced beach operation and outdoor pool.
The Tiran Island Hotel will be a 600 bedroom four-star hotel offering a selection of luxury hotel rooms, residential suites and self-catering suites ideal for families. Scheduled to open in the first quarter of 2009, this quality four-star operation will offer a range of restaurants, entertainment, bars, Spa, outside pools and extensive conference and meeting facilities to suit conference tourism.
The Corinthia Beach Resort, will offer a full range of differently priced products including room only, bed and breakfast, half board, full board and fully inclusive rates.
The management agreement was signed by Paul Pisani, Vice-President -Development of CHI and H Mansouri, Chairman and CEO of the owning company Cyrene Tourism Investment Corporation of Egypt.
Mansouri said “CHI Hotels & Resorts’ worldwide experience and excellent reputation as a multi-brand hotel operator has long preceded it in this part of the world, giving us the necessary confidence to entrust our multi-million dollar project to a very safe pair of hands, with a proven international track record. With the completion of these two hotels, Cyrene Group hotel capacity will reach some 2,200 guestrooms and suites.”
CHI’s CEO and Managing Director Tony Potter added “We are delighted to have been awarded the operation of this multi-property project, which sees us pioneer the renowned Corinthia Hotels brand to yet another world class destination such as Sharm El Sheikh. Corinthia Hotels’ properties are currently leaders in 5-star hotel keeping in the Czech Republic, Hungary, Libya, Malta, Portugal and Russia, with others currently under development in Algiers, Bucharest and London.
