Steigenberger Hotels & Resorts, part of Deutsche Hospitality, has signed an agreement to open up the Steigenberger Resort Achti in Luxor as part of its Egypt expansion portfolio, Hotelier Middle East reports.
Steigenberger Resort Achti will comprise 281 rooms, suites and bungalows and will feature six dining options. Located on the East Bank of the Nile, the resort will also feature an outdoor pool with views of the Nile, as well as a pool with a Jacuzzi in the bungalow area.
The company’s new Luxor property, which is slated to open by the third quarter of 2018, will include meeting rooms, a business center and a permanent multi-purpose tent for hosting conferences and banquets.
By inaugurating Steigenberger Resort Achti, the number of Deutsche Hospitality’s hotels in Egypt will rise to 14.
The Egyptian housing ministry had previously announced that InterContinental Hotels Group requested to manage and operate 1,000 hotel apartments in New Alamein city through InterContinental, Holiday Inn, and Staybridge Suites.
Hilton has also announced ambitious plans to expand across the country as the tourism industry slowly recovers.
Hilton Worldwide revealed last month that they plan to expand in Egypt with 2,390 rooms in nine new hotels within five years, Hilton’s Vice President of Development for MENA and Turkey Carlos Khneisser said, state news Al Ahram reported at the time.
The company added that it will focus on opening more new hotels outside Cairo, with new locations including Port Said, Ain Sokhna, and New Damietta. Hilton had also signed a contract with Mangroovy for Real Estate & Tourism Investment to manage a new hotel in El Gouna’s Mangroovy resort.
According to a Colliers report published late 2017 called Egypt’s Tourism and Hospitality Market, Egypt’s hospitality supply is heavily weighted towards the 5-star segment, accounting for just over 60% of total room stock.
“Over 90% of 5-star hotel supply is affiliated with an international brand,” Colliers reported.