Orascom Development Holding inks deal with Thomas Cook to build two hotels in Egypt

Posted on 20th December 2018

Orascom Development Holding inks deal with Thomas Cook to build two hotels in Egypt
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According to *ME Construction News report, developer Orascom Development Holding (ODH) has inked a deal with Thomas Cook to build two hotels in Egypt. The Casa Cook hotel will open in a prominent area of the Red Sea development, while Cook’s Club will open in El Gouna.

ODH’s portfolio includes operations in 10 destinations; five in Egypt (El Gouna, Taba Heights, Fayoum Makadi, and Harram City), The Cove in the UAE, Jebel Sifah and Hawana Salalah in Oman, Luštica Bay in Montenegro and Andermatt in Switzerland.

“We are excited about the partnership with Thomas Cook and we welcome the fact that El Gouna will be the first home to Thomas Cook’s newest hotel brands in the Middle East. We are confident that Casa Cook and Cook’s Club will fit perfectly to the offer at El Gouna and the Group’s hotel portfolio,” said Khaled Bichara, CEO of Orascom Development.

The group operates a total of 33 hotels with 7,113 rooms and controls approximately 104m sqm of land.

Enric Noguer, chief of Thomas Cook Hotels & Resorts added, “With the opening of these two hotels Thomas Cook will offer year-round holidays in our Casa Cook and Cook’s Club brands. This continues strong momentum for our hotels and resorts business as we expand our portfolio around the world. El Gouna is a popular destination and our two new hotels will offer alternative holidays to people looking for high-quality contemporary design and laidback service with a great bar and restaurant at the heart.”

*News source: http://meconstructionnews.com/...

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