CHI Hotels & Resorts (formerly Corinthia Hotels International) have signed a long term management agreement with Cyrene Tourism Investment Corporation of Egypt for the operation of two new upscale properties in the highly popular Egyptian resort of Sharm el Sheikh.
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 directly 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 international 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 & 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 beautiful landscaped gardens and at the same time having an extensive range of food and beverage products. 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, Vice-President -Development of CHI and H Mansouri, Chairman and CEO of the owning company Cyrene Tourism Investment Corporation of Egypt.
Mr Mansouri, said CHI Hotels’ worldwide experience and excellent reputation as a multi-brand hotel operator had long preceded it in this part of the world, giving the Cyrene Group the necessary confidence to entrust its multi-million dollar project to a very safe pair of hands, with a proven international track record.
CHI already runs top hotels in the Czech Republic, Hungary, Libya, Malta, Portugal and Russia, with others currently under development in Algiers, Bucharest and London.