Accor Adds Movenpick Living & Residences Cairo, New Capital City, To its Egypt Portfolio

Accor, a world-leading hospitality group with more than 400 hotels across India, the Middle East, Africa and Turkey is expanding its footprint in Egypt with the opening of Movenpick Living and Residences in Cairo. Once open the property will feature 150 serviced apartments and 40 branded residences.

The Group is partnering with Al Bourouj Misr Development, which operations started in 2012, with a visionary approach towards strategically responding to the diverse and evolving real estate market in Egypt, by offering a sustainable and diverse mix within a real estate portfolio comprised of construction and real estate developments of mixed-use contemporary, residential and commercial developments through its subsidiaries.

It is with great pride that we announce the inking of a partnership with Movenpick for one of the foremost iconic real estate projects by our company mentioned Mohamed Assy, Vice Chairman of Al Bourouj Misr Development. Our collaboration with Accor is a continuation to the company's commitment of working hand in hand with reputed international brands to redefine the lifestyle of the new capital. We are confident that Sixty iconic tower with its modern and outstanding architectural design will be the first choice for those seeking uniqueness and tranquility in a next generation focal point of the business and financial district that is set to be Egypt's most sought business and lifestyle destination.

The new Movenpick Living Residences will be located in the New Capital City (NCC), Egypt, which features hospitality, residential, entertainment, commercial, retail components and government entities, including the presidential palace, parliament, cabinet, Supreme Court, all ministries of Egypt and various foreign embassies.

This is a very exciting project for Accor in Egypt, says Mark Willis CEO of Accor India, Turkey, Middle East, and Africa. This new addition will be introducing a unique offering to the New Capital City of Cairo, providing residents and travellers with a new home with the luxury of hotel services!

In addition to the rooms, the property will feature four Food Beverage outlets, including a Movenpick Lounge, a speciality restaurant and Pool Bar as well as a fitness centre, a spa and a Little Birds Club.

The NCC is located 45 kilometers east of Cairo, in an area approximately half the size of the seaport of Suez. A new intercity metro link will be built to connect NCC to Cairo via New Cairo. In addition, an international airport will be constructed and located in NCC. Accor currently operates 34 properties (9,399 keys) in Egypt with 29 properties (9,561 keys) in the pipeline.

ABOUT ACCOR

Accor is a world leading hospitality group consisting of more than 5,200 properties and 10,000 food and beverage venues throughout 110 countries. The group has one of the industrys most diverse and fully-integrated hospitality ecosystems encompassing more than 40 luxury, premium, midscale and economy hotel brands, entertainment and nightlife venues, restaurants and bars, branded private residences, shared accommodation properties, concierge services, co-working spaces and more. Accors unmatched position in lifestyle hospitality one of the fastest growing categories in the industry is led by Ennismore, a creative hospitality company with a global portfolio of entrepreneurial and founder-built brands with purpose at their heart. Accor boasts an unrivalled portfolio of distinctive brands and approximately 260,000 team members worldwide. 68 million members benefit from the companys comprehensive loyalty program ALL - Accor Live Limitless a daily lifestyle companion that provides access to a wide variety of rewards, services and experiences. Through its Planet 21 Acting Here, Accor Solidarity, RiiSE and ALL Heartist Fund initiatives, the Group is focused on driving positive action through business ethics, responsible tourism, environmental sustainability, community engagement, diversity and inclusivity. Founded in 1967, Accor SA is headquartered in France and publicly listed on the Euronext Paris Stock Exchange (ISIN code: FR0000120404) and on the OTC Market (Ticker: ACCYY) in the United States. For more information visit group.accor.com, or follow Accor on Twitter, Facebook, LinkedIn, and Instagram.