Steigenberger Hotels and Resorts has signalled its intention to expand the company portfolio by signing an agreement for a hotel in Luxor, Egypt. The Steigenberger Resort Achti is to be located on the East Bank of the Nile, and the plan is that it will open for business in the third quarter of 2018. As well as 281 rooms, suites and bungalows, the hotel will also boast six restaurants and bars serving up a range of culinary offerings. Further highlights will include an outdoor pool with views of the Nile, a separate pool in the bungalow area complete with jacuzzi, a Business centre, a meetings room and a permanent multi-purpose tent for the staging of conferences and banquets.