Hotel operator AccorHotels announced the signing of four new hotel management agreements with ARCO on Wednesday. The new hotels will be located on Egypt’s North Coast, to be opened by 2022.
The four hotels will include the Fairmont Fuka Bay, Swissotel Fuka Bay, Novotel Al Alamein City, and Ibis Styles Al Alamein City. Following these agreements, the number of hotels operated by AccorHotels in Egypt increased to a total of 31 hotels.
“This announcement further underscores the group’s commitment to the destination and its envisioned potential, evident since the opening of the first Accor hotel, over 35 years ago, to the 17 hotels in operation today and a robust pipeline of 14 new hotels coming within the next five years,” Francois Baudin, senior vice president for Europe, Middle East, and Africa at AccorHotels said.
Frank Naboulsi, regional vice president and general manager of Fairmont Nile City, explained that they look forward to playing an integral role in re-energising Egypt’s tourism infrastructure, adding: “Our valued partnership with ARCO highlights our intention to accelerate expansion and create employment opportunities in the local market.”
The four new hotels will have a total capacity of 1,100 rooms, of which 250 and 300 rooms will featured in Fairmont Fuka Bay and Swissotel Fuka Bay respectively, and 250 and 300 in Novotel and Ibis Styles Al Alamein City. Additionally, 150 Fairmont-branded residences and 250 Swissotel-branded residences will be established.
Ashraf Salman, ARCO’s vice chairperson and managing director, the partnership between ARCO and AccorHotels will have a positive effect on the development of a prime tourism destination, and will contribute to a growing portfolio of other AccorHotels currently under development in Egypt.