Standard Chartered to open first branch in Egypt next Sept.– official    German Thyssenkrupp nears deal to build Egypt green hydrogen plant – CEO    Egypt's stocks end lower on Monday as benchmark EGX 30 slides 0.34%    Egypt works on charting cooperation strategies with international institutions for 5 years: Al-Mashat    Maha karara joins AAIB as Head of Corporate Communications, Sustainability    Over 2.4 million newborns examined for hearing impairment: Health Ministry    Netflix releases trailer of Arab adaption of 'Perfect Strangers' film    Balqees to headline concert celebrating launch of streaming giant LIVENow in MENA    Sawsan Badr to be honoured at Aswan Women Film Festival    Al-Sisi follows up on 'Great Transfiguration Project' in St. Catherine    Cairo, London stress need to strengthen cooperation to face climate change    Foreigners account for 22.6% of Egypt's T-bills issuances in 1H 2021: CBE    MP Abdel Hady Al-Qasby calls government to facilitate and support NGOs    Egypt's ambassador to Italy passes away    Egypt confirms readiness to help African countries face terrorism and extremism    An estimated 235 million people needed humanitarian assistance and protection in 2021, an increase of 40% compared to 2020: IOM Egypt    Egypt, DRC discuss water cooperation during WYF    Egypt, DR Congo discuss boosting bilateral cooperation during WYF    Cameroonian police probe assault on three Algerian journalists covering AFCON    Pharaohs start AFCON 2021 campaign with fierce clash against Nigeria    Foreign Ministry opens capacity building course for French-speaking African diplomats    BRICS development bank admits Egypt as new member    Nermien Ismail Schools opens a new campus in O'West    Netherlands Embassy, E7kky Magazine celebrate success of 21 Egyptian women    Women make up 45% of Egyptian Atomic Energy Authority staff    Yas Island hosts travel partners at Formula 1 Etihad Airways Abu Dhabi Grand Prix 2021    Olaf Scholz becomes Germany's new leader, ending Merkel 16-year historic era    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    Brazil calls up 8 EPL players for World Cup qualifying    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Nikki Beach to manage ERC's boutique hotel in Sahl Hasheesh
Published in Daily News Egypt on 19 - 10 - 2011

CAIRO: Egyptian Resorts Company, a developer of mega-communities, has signed on global hotel and resort operator Nikki Beach to operate and manage a boutique hotel in Sahl Hasheesh.
ERC said in a statement that it signed a memorandum of understanding (MOU) with Nikki Beach Hotels and Resorts, which will provide assistance and advice on the construction, opening and international marketing of the 100-room boutique hotel.
The hotel will be located in the Sawari marina development, part of ERC's flagship Red Sea destination Sahl Hasheesh.
The Sawari marina is being developed in partnership with Orascom Development and Management, a subsidiary of Orascom Development Holding. First units are set for delivery in 2014.
Nikki Beach Hotels and Resorts is a collection of upscale lifestyle properties at beachfront and urban locations worldwide. The project will also house a Nikki Beach club, meeting space, food and beverage facilities, a night club and a spa.
“We are very excited to be partnering with Nikki Beach to develop this key property in the Sawari marina, which sits at the heart of Sahl Hasheesh's coastline,” said Carlos Arenas, director of strategy and business development at ERC.
Nikki Beach Hotels and Resorts operates boutique hotels and beach clubs in Miami, Saint Tropez, Marbella, Croatia, Cyprus, Greece, Cape Verde and Qatar.
“Convincing Nikki Beach to invest time and energy in Egypt is not just a win for Sahl Hasheesh and ERC, but for the Egyptian economy at large. …Top international players see outstanding profit potential in Egypt, particularly on the Red Sea Coast,” said Mohamed Kamel, CEO at ERC.
The MOU is valid for one year and is dependent on ERC's ability to secure an investor/developer for the project.

Clic here to read the story from its source.