AccorHotels Group has signed Wednesday a cooperation agreement with Egypt's Al Arabia Real Estate and Development (ARCO) to establish four new hotels in North Coast. The four new hotels will be Fairmont Fouka Bay, Swissotel Fouka Bay, Novotel El Alamein City, and Ibis Styles Alamein City. Ashraf Salman, managing director of ARCO, said the new partnership with AccorHotels will contribute to create a new tourist destination in Egypt for both citizens and visitors. From his part, Francois Baudin, Senior Vice President Development, Luxury Hotels for Europe, Middle East, and Africa for AccorHotels, said his company had inaugurated 17 hotels in Egypt and hope to open up 14 more in the next five years.
