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Kuwait Firm Taps Fairmont for Egypt Hotel

CAIRO-One the of the largest investment holding companies in the Middle East taps the international hotelier to manage an existing hotel here and a new one next door that is under construction.

By Brian K. Miller | Updated on February 04, 2007

CAIRO-One the of the largest investment holding companies in the Middle East and North Africa has picked Fairmont Hotels & Resorts of Toronto to manage a new hotel here that will open this summer and an existing hotel next door. The 235-room Fairmont Heliopolis will be the first hotel in Cairo to fly the Fairmont flag, though it will be followed quickly by Fairmont Nile City, which is under construction and set to open in early 2008.

The Fairmont Heliopolis is a joint venture of Kipco and its real estate affiliates, Gulf – Egypt for Hotels & Tourism and United Real Estate Co. The development site is in central Heliopolis, 10 minutes from the international airport. Hotel amenities will include extensive conference facilities, spa, atrium garden and dining outlets.

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