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Hotel Business: Radisson Signs Portfolio Deal for Six Hotels in Egypt

The agreement was signed with existing business partner Zaghloul Holdings, a Cairo-based business conglomerate operating in the real estate.
12.02.19 | Interesting article at Hotel Business

Radisson Hotel Group has signed six new hotels in Egypt as part of a portfolio deal across a number of its brands.

The agreement was signed with existing business partner Zaghloul Holdings, a Cairo-based business conglomerate operating in the real estate, contracting, tourism, commercial retail, entertainment and sports investment industries. The six hotels are: Radisson Collection Hotel Cairo Heliopolis, Radisson Blu Serviced Apartments Cairo Heliopolis, Radisson Blu Hotel Cairo Golf City, Radisson Hotel New Cairo, Radisson Hotel & Resort Ain Sokhna and Radisson Blu Hotel & Resort Makadi Bay, Hurghada.

“It is great to expand our footprint in Egypt with six new hotels,” said Elie Younes, EVP/chief development officer with Radisson Hotel Group. “Egypt has historically been one of the most visited countries in North Africa and we strongly believe in its tourism industry in the long run. These hotels will make a great contribution to the local employment and we thank our partner Zaghloul Holdings for their continued trust and for their contribution towards promoting tourism in the country. We are further pleased to introduce two new brands to Egypt, Radisson Collection, positioned as the premium lifestyle and affordable luxury brand and Radisson as an upscale hotel brand.”