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Ritz-Carlton to operate Palm Hills hotel in Egypt

Reuters UK

Ritz-Carlton to operate Palm Hills hotel in Egypt - Egypt - Real Estate - Hotel

Real estate developer Palm Hills (PHDC.CA: Quote, Profile, Research)(PHDCq.L: Quote, Profile, Research) said on Thursday it had signed an agreement with the Ritz-Carlton Hotel Company to operate a hotel located in the Egyptian developer's flagship project.

The 160-room Ritz-Carlton Cairo at Palm Hills October will feature a golf course designed by Jack Nicklaus, a spa, health club and swimming pools, according to a statement from Palm Hills.

Palm Hills did not give a value for the deal with Ritz-Carlton, an upmarket hotel brand operated by Marriott International (MAR.N: Quote, Profile, Research).

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