Marriott Announces Landmark Agreement with Misr Italia Properties and People and Places for over 1,500 keys across Egypt

Marriott International, Inc. announced a landmark agreement with Misr Italia Properties and People & Places to develop nine total properties, representing over 1,500 keys, across Egypt’s most sought-after coastal and urban destinations.

Scope of the Agreement
- Nine properties planned across Egypt’s coastal and urban destinations.
- Represents over 1,500 keys (hotel rooms and branded residences).
- Includes luxury and premium brands: The Ritz-Carlton, The Luxury Collection, and Autograph Collection.

Strategic Importance
- Reinforces Egypt’s ambition to grow its tourism sector and attract international investment.
- Marriott sees Egypt as a strategic growth market, supported by strong tourism fundamentals and expanding infrastructure.

Economic Impact
- Investments exceed EGP 56.7 billion.
- Expected to create around 6,000 direct and indirect jobs.
- Aims to welcome approximately 373,000 tourists annually.

Key Projects
- Ras Al Hekma (North Coast):
- Ritz-Carlton hotel (170 rooms) + 268 Ritz-Carlton Residences.
- Autograph Collection hotel (180 rooms) + 250 branded residences.
- West Cairo (Sphinx City – Hills of One): Luxury Collection hotel (180 rooms) + 180 residences.
- Ain Sokhna (Kai Sokhna Red Sea): Autograph Collection hotel (80 rooms) + 172 branded residences.
- East Cairo (Garden 8): Autograph Collection hotel (100 rooms).

Long-Term Vision
- Misr Italia and People & Places aim to build a portfolio of 50 hospitality assets by 2037.
- Strengthens Egypt’s position as a leading developer of integrated hospitality and lifestyle destinations.

This deal is a major milestone for Egypt’s hospitality landscape, blending global luxury brands with local development expertise.