Prime Minister Dr. Mostafa Madbouly today witnessed the signing ceremony of a strategic partnership agreement between Sunrise Hotels & Resorts and Minor International Hospitality Group, one of the largest hotel groups in the world and owner of several well-known hotel brands, most notably Anantara. Under the agreement, Sunrise will cooperate with Minor to launch an expansion plan aimed at opening and managing 50 new hotels in Egypt.
The agreement was signed by Hossam El-Shaer, Chairman of Sunrise Hotels & Resorts, and William E. Heinecke, Chairman of Minor International Hospitality Group, in the presence of Sherif Fathy, Minister of Tourism and Antiquities.
The Prime Minister stressed that tourism investment is an important pillar of the Egyptian state's work during the current and coming period, with efforts under way to increase the number of hotel rooms in partnership with the national and international private sector, particularly amid efforts to strengthen the assets that support attracting tourist traffic, according to the official Facebook page of the Egyptian Cabinet.
The partnership also includes Madar Real Estate Development, starting with the launch of 4 major hotels within Madar's projects, in a strong start that affirms the group's ability to deliver world-class tourism and residential projects: one hotel in Azha Ras El Hekma, one in Kenz New Zayed, and two in Azha Ain Sokhna.
Minor International is one of the largest hotel entities globally, operating a network of more than 640 hotels in 59 countries across 6 continents, offering more than 80,000 hotel rooms and more than 3,000 restaurants, along with more than 50 leading brands.
It is worth noting that Sunrise Hotels & Resorts is one of the most prominent luxury hospitality brands in Egypt, with a portfolio of more than 25 hotels and resorts in distinctive tourist locations such as Sharm El-Sheikh, Hurghada and Ain Sokhna, in addition to 7 floating hotels on the Nile, alongside its expansion into a number of international tourism markets, including Greece, Morocco and Zanzibar, which has cemented its position as one of the most important hotel operators in the Egyptian and international markets.
The group's investments extend to real estate through Madar Real Estate Development, which owns a portfolio of major projects including Kenz in New Zayed, Azha Ain Sokhna and Azha Ras El Hekma, covering more than 1,000 feddans and more than 5,000 units.
