Rotana has signed new management agreements with Al Marasem Development and Marina Way Lagoon. The agreement includes the management of two new properties – Lake Residence, serviced apartments in New Cairo which will also mark Rotana’s debut in the capital city and Marina Bay Hotel Apartments in Alamein, North Coast.
Nasser Al Nowais, chairman, Rotana said: “Egypt has always been a strategic market for Rotana as it is one of the world’s leading tourism destinations with a great vision for the future of leisure and business travel. These incredible projects allow us to bring the world-class services and amenities of the Rotana brand to Egypt and provide us with a prime opportunity to strengthen our presence in the market. Through this partnership, we not only aim to showcase the vitality of our brand but also contribute to the thriving tourism sector of the country”.
The first contracted project, Lake Residence under Al Marasem development, is located within the Fifth Square project in New Cairo. The second project is Marina Way Lagoon’s Marina Bay which extends over an area of 14,120 meters within the Marina El Alamein tourism hub on the North Coast.
Rotana continues to expand its global footprint in a strategic market that offers seamless opportunities for business growth.