Minor Hotels and SUNRISE Resorts & Cruises Form New Joint Venture

Saba Azim9 months Ago1 Mins read466

Egyptian PM Mostafa Madbouly, Tourism Minister Sherif Fathi, Hossam El Shaer and William E. Heinecke.

Minor Hotels and SUNRISE Resorts & Cruises Form Joint Venture to Develop 50 Hotels Across Egypt

Minor Hotels has signed an agreement with SUNRISE Resorts & Cruises to form a new joint venture company. The signing ceremony took place at the office of Prime Minister of Egypt Mostafa Madbouly in the attendance of Minister of Tourism and Antiquities, Sherif Fathi.

The joint venture sets a target of developing and managing up to 50 hotels in the coming decade. The projects will be located across key areas including West Cairo, Azha Ras El Hekma on the North Coast, and Azha Ain Al Sokhna. Under the agreement, Minor Hotels will assume management of seven properties, including operating hotels, conversions, and new developments. The partnership will also introduce the Anantara Hotels & Resorts brand in select locations across Egypt.

The collaboration extends to Nile cruise operations between Aswan and Luxor, where Minor Hotels plans to apply its existing river cruise experience from operations in Asia, such as Mekong Kingdom and Loy Pela.

William E. Heinecke, Chairman & Founder of Minor International parent company of Minor Hotels commented, “Signing this joint venture with SUNRISE Resorts & Cruises is an important milestone as we bring Minor Hotels’ brands and hospitality expertise to Egypt, one of the world’s most storied and inspiring destinations. Together, we are charting a long-term vision that combines SUNRISE Resorts & Cruises’ deep local knowledge with our global reach to deliver exceptional luxury and lifestyle experiences across Egypt’s leading destinations.”

Hossam El Shaer, Chairman of SUNRISE Resorts & Cruises and Madaar Developments, noted “Egypt’s tourism sector is experiencing remarkable growth, fueled by increased investment and growing global interest. We are proud to be part of a collaboration that reflects our shared vision to elevate the country’s hotel and tourism industry. Since founding SUNRISE in 2002 we’ve focused on creating integrated, sustainable destinations that meet the highest international standards. This Partnership signals strong global confidence in Egypt’s economy and directly supports the goals of Egypt’s Vision 2030.”