Marriott Signs Agreement to Develop Nine Properties in Egypt with Misr Italia, Adding Over 1,500 Rooms
🏨 Marriott International, in collaboration with Egyptian developers Misr Italia Properties and People and Places, will build nine properties in Egypt, adding over 1,500 hotel rooms and residences across locations like Ras Al Hekma, West Cairo, East Cairo, and Ain Sokhna. They plan to invest EGP 56.7 billion (£844 million), creating around 6,000 jobs and accommodating 373,000 tourists annually. This initiative expands on a 2022 deal, with an aim of 50 hospitality assets by 2037.
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