Saturday, December 6, 2008

THE RITZ-CARLTON ANNOUNCES FIRST CAIRO HOTEL

Plans are in place to convert the 431-room Nile Hilton, strategically located along the famous river in the heart of bustling downtown Cairo, to a full-fledged Ritz-Carlton hotel after an extensive renovation period for a 2011 opening.

“We are honored to have been selected by Misr Hotels to assume management of this iconic hotel,” said Simon F. Cooper, president and chief operating officer of The Ritz-Carlton Hotel Company. “The hotel’s prime location in the literal center of the city combined with The Ritz-Carlton’s renowned service will produce memorable stays for all our guests when it re-opens after the restoration phase. Our plans for The Nile Ritz-Carlton, Cairo are wide-ranging, and will include conversion of certain facilities to re-establish the hotel to its status as the leading property in the region.”

“We also continue to explore other opportunities and destinations in the country,” Mr. Cooper added. “With the growth in tourism, the increasing strength of the Egyptian economy, the sustained development of the infrastructure required, and the investment support from within the Egyptian tourism and hospitality sector, we see expansion within Egypt to be an important future strategy.”

The hotel will be initially re-branded as The Nile Hotel, Cairo on January 1, 2009 and will continue to welcome guests to enjoy its services and facilities. A complete restoration and renovation of the half-century old property will commence in mid 2009 for approximately 18 to 24 months. The aim is to transform the venerable hotel into a modern benchmark for contemporary luxury hospitality worthy of The Ritz-Carlton brand when it re-opens, while preserving its iconic heritage.

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