CHI Hotels and Resorts (formerly Corinthia Hotels International) has signed a long-term management agreement with Cyrene Tourism Investment Corporation of Egypt for the operation of two new upscale properties in Sharm el Sheikh, Egypt.

Both hotels will form part of a major resort destination to be known as the Corinthia Beach Resort. The Corinthia hotel will be a five-star international deluxe property located on a stunning beach front in Montazah, Sharm El Sheikh.

The property will offer 220 deluxe suites and be fully supported with independent restaurants, a club house and fully serviced beach operation and outdoor pool. The Tiran Island Hotel will be a 600-bedroom, four-star hotel offering a broad selection of luxury hotel rooms, residential suites and self-catering suites ideal for family occupation.

This quality four-star operation will offer a wide range of restaurants, entertainment, bars, spa, outside pools and extensive conference and meeting facilities to suit conference tourism.

Both hotels will be operated by CHI Hotels and Resorts as the Corinthia Beach Resort, with a full range of differently priced products covering room only, bed and breakfast, half board, full board and fully inclusive rates.

The resort is built within landscaped gardens and has an extensive range of food and beverage options.

There will be a quality offering of a wide range of entertainment and sporting facilities such as private tennis courts and diving and water sport activities.

The management agreement was signed by Paul Pisani, CHI vice-president, development, and H. Mansouri, chairman and CEO of the owning company Cyrene Tourism Investment Corporation of Egypt.