A 300-key Mövenpick-branded hotel will be developed on Egypt's North Coast, it has been announced.
Mövenpick Hotels & Resorts signed an agreement with Cairo-based real estate company Arabia Investment & Tourist Development SAE, part of the Arabia Group, to manage the 300-key facility.
The development, named Mövenpick Hotel & Residences North Coast, will be part of an upscale mixed-use residential development.
Comprising 150 hotel rooms, as well as 150 branded units that will become part of a rental pool, the property is located 70km west of Alexandria and 280km North West of Cairo.
Project completion is scheduled for 2020, when the company will also open the 214-key Mövenpick Resort El Ein Bay.
Commenting on the project, Andrew Langdon, chief development officer at Mövenpick Hotels & Resorts, said: "Egypt’s North Coast is a development focal point, with new projects ranging from dining, wellness, leisure, and entertainment facilities, to new conference venues and large commercial zones such as Borg El Arab City."