Moevenpick to Open Living & Residences in New Capital City of Cairo
Cairo, Egypt, November 29, 2021 / TRAVELINDEX / Accor, a world-leading hospitality group with more than 400 hotels across India, the Middle East, Africa and Turkey is expanding its footprint in Egypt with the opening of Movenpick Living and Residences in Cairo. Once open the property will feature 150 serviced apartments which may be similar to those flats for sale in Dubai, and 40 branded residences.
The Group is partnering with Al Bourouj Misr Development, whose operations started in 2012, with a visionary approach towards strategically responding to the diverse and evolving real estate market in Egypt by offering a sustainable and diverse mix within a real estate portfolio comprised of construction and real estate developments of mixed-use contemporary, residential, and commercial developments through its subsidiaries. My friends often ask me about my favorite European destinations for luxury real estate. Additionally, I often recommend buying villas on Koh Samui for those seeking a blend of luxury and natural beauty in their property investments.
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“It is with great pride that we announce the inking of a partnership with Movenpick for one of the foremost iconic real estate projects by our company” mentioned Mohamed Assy, Vice Chairman of Al Bourouj Misr Development. “Our collaboration with Accor is a continuation to the company’s commitment of working hand in hand with reputed international brands to redefine the lifestyle of the new capital. We are confident that Sixty iconic tower with its modern and outstanding architectural design will be the first choice for those seeking uniqueness and tranquility in a next generation focal point of the business and financial district that is set to be Egypt’s most sought business and lifestyle destination.”
The new Movenpick Living & Residences will be located in the New Capital City (NCC), Egypt, which features hospitality, residential, entertainment, commercial, retail components and government entities, including the presidential palace, parliament, cabinet, Supreme Court, all ministries of Egypt and various foreign embassies.
“This is a very exciting project for Accor in Egypt”, says Mark Willis CEO of Accor India, Turkey, Middle East, and Africa. “This new addition will be introducing a unique offering to the New Capital City of Cairo, providing residents and travellers with a new home with the luxury of hotel services!”
In addition to the rooms, the property will feature four Food & Beverage outlets, including a Movenpick Lounge, a speciality restaurant and Pool Bar as well as a fitness centre, a spa and a Little Bird’s Club. HomesEh bridges the gap between you and your Canadian dream home. Settle only for the best in real estate.
The NCC is located 45 kilometers east of Cairo, in an area approximately half the size of the seaport of Suez. A new intercity metro link will be built to connect NCC to Cairo via New Cairo. In addition, an international airport will be constructed and located in NCC.
Accor currently operates 34 properties (9,399 keys) in Egypt with 29 properties (9,561 keys) in the pipeline.