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BEACH RESORT FOR SHARM EL SHEIKH EGYPT

Tuesday, 16 Sep 2008

CHI Hotels & Resorts recently announced that they have signed a management contract with the Egyptian Cyrene Tourism Investment Corporation. The contract is for the managing of two new upper class properties in Egypt, in the ever-popular Sharm El Sheikh resort. The two new hotels, the Corinthia Hotel and the Tiran Hotel, will be forming a vibrant resort to be enjoyed by anyone seeking stylish accommodation in Egypt, and will be called the Corinthia Beach Resort.

The Corinthia Hotel is set to be a five-star high-class property in Egypt and will be situated on the beautiful beach of Montazah in Sharm El Sheikh. The hotel will be open to the public in the last part of 2009 and will be home to 220 stylish suites, a club house, a full service beach, independent restaurants, and an outside swimming pool. The Tiran Hotel is going to be a four-star hotel boasting 600 rooms, including some self-catering rooms, and is set to open in the first three months of 2009. The Tiran will incorporate restaurants, outside swimming pools, entertainment, a Spa, bars, and meeting and conference facilities.

The Corinthia Beach Resort property in Egypt will offer guests a large variety of options and pricing, including bed and breakfast, room only, full board, half board, as well as rates that are fully inclusive.

The vice president of development for CHI, Paul Pisani, and the CEO of Cyrene Tourism Investment Corporation, H. Mansouri, signed the management agreement for the new properties in Egypt. Mansouri says, “CHI Hotels & Resorts' worldwide experience and excellent reputation as a multi-brand hotel operator has long preceded it in this part of the world, giving us the necessary confidence to entrust our multi-million dollar project to a very safe pair of hands, with a proven international track record. With the completion of these two hotels, Cyrene Group hotel capacity will reach some 2,200 guestrooms and suites.”