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Artist
impression of Corinthia Hotel
CHI
HOTELS & RESORTS TO OPERATE TWIN
PROPERTY 'CORINTHIA BEACH RESORT' IN SHARM
EL SHEIKH EGYPT 9th
September 2008 - Malta based CHI Hotels
& Resorts (formerly Corinthia Hotels
International) announced the signing of a
long term management agreement with Cyrene
Tourism Investment Corporation of Egypt
for the operation of two new upscale
properties in the highly popular Egyptian
resort of Sharm el Sheikh. Both hotels
will form part of a major resort
destination to be known as the Corinthia
Beach Resort. The
Corinthia Hotel will be a five-Star
international deluxe property located
directly on a stunning beach front in
Montazah, Sharm El Sheikh. The property is
set to become operational in the last
quarter of 2009 and will offer 220 deluxe
suites and be fully supported with
independent restaurants, a club house and
fully serviced beach operation and outdoor
pool. The
Tiran Island Hotel will be a 600 bedroom
four-star international hotel offering a
broad selection of luxury hotel rooms,
residential suites and self-catering
suites ideal for family occupation.
Scheduled to open in the first quarter of
2009, this quality four-star operation
will offer a wide range of restaurants,
entertainment, bars, Spa, outside pools
and extensive conference and meeting
facilities to suit conference
tourism. Both
hotels will be operated by CHI Hotels
& Resorts as the Corinthia Beach
Resort, with a full range of differently
priced products covering room only, bed
and breakfast, half board, full board and
fully inclusive rates. The
Resort is built within beautiful
landscaped gardens and at the same time
having an extensive range of food and
beverage products. There will be a quality
offering of a wide range of entertainment
and sporting facilities such as private
tennis courts and diving and water sport
activities. The
management agreement was signed by Paul
Pisani, Vice-President -Development of CHI
and H Mansouri, Chairman and CEO of the
owning company Cyrene Tourism Investment
Corporation of Egypt. Commenting
on the agreement, Mansouri, said "CHI
Hotels & Resorts' worldwide experience
and excellent reputation as a multi-brand
hotel operator has long preceded it in
this part of the world, giving us the
necessary confidence to entrust our
multi-million dollar project to a very
safe pair of hands, with a proven
international track record. With the
completion of these two hotels, Cyrene
Group hotel capacity will reach some 2,200
guestrooms and suites." Congratulating
Mansouri, CHI's CEO and Managing Director
Tony Potter said "We are delighted to have
been awarded the operation of this
multi-property project, which sees us
pioneer the renowned Corinthia Hotels
brand to yet another world class
destination such as Sharm El Sheikh.
Corinthia Hotels' properties are currently
leaders in 5-star hotel keeping in the
Czech Republic, Hungary, Libya, Malta,
Portugal and Russia, with others currently
under development in Algiers, Bucharest
and London. Each hotel is renowned for its
uniqueness of character, while retaining
the same high standards that the Corinthia
brand has become renowned for. Our CHI
Team are confident that with this
excellent location and two upscale
properties within one resort, we will be
able to offer one of the most
upmarket resort products and widest
range of choices in Sharm El Sheikh.
" Sharm
El Sheikh is a city situated on the
southern tip of the Sinai Peninsula in
Egypt and has become a leading tourist
resort thanks to its dramatic landscape,
year-round dry and temperate climate and
long stretches of natural beaches. Its
waters are clear and calm for most of the
year and have become popular for various
water sports, particularly recreational
scuba diving and snorkelling which some
consider to be among the best in the
world. Coral reefs, under water and marine
life, unmatched anywhere in the world,
offer a spectacular and dazzling time for
divers. All around are Bedouins, colourful
tents, mountains and sea. Sharm features
all the amenities one could expect of a
top class tourist resort, including
casinos, discos and nightclubs, golf
courses, windsurfing and other water
sports, horses and camel riding, desert
safaris, and great nearby antiquities
attractions. About
CHI Hotels & Resorts Based
in Malta, CHI Hotels & Resorts (CHI)
is a leading hands-on hotel management
company that provides the full range of
technical assistance and management
services to hotel owners worldwide. CHI is
the exclusive operator and developer for
the luxury Corinthia Hotels brand as well
as the Wyndham and Ramada Plaza brands in
Europe, Africa and The Middle
East. CHI
draws on a heritage of over 45 years in
delivering high quality services to hotel
guests and an optimum rate of return to
owners and investors in diverse business
environments. Our experience across our
three brands extends to management of
luxury and upscale properties in city and
resort locations and products ranging from
boutique to conference and Spa hotels. CHI
also operates various restaurants under
brands such as 'Rickshaw' and has its own
Spa division. CHI
Hotels & Resorts is a joint venture
between International Hotel Investments
plc (IHI) &endash; 70% and The Wyndham
Hotel Group (WHG) &endash;
30%. Issued
by the Communications Department of CHI
Hotels and Resorts on 9th September
2008. CONTACT:
MANUEL BRIFFA Phone:
+356 2551 1146 Fax:
+356 2123 9732 Mobile:+356
9943 2252 e-mail:mbriffa@corinthia.com For
editorial contact: Karen
Hoffman The
Bradford Group Tel:
212 447 0027 Fax:
212 725 8253 Enail:
Bradfordmktg@aol.com |
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