Agreement signed for new Hilton property in Cairo
Hilton Worldwide signed a management agreement with High for Touristic Projects for Hilton Heliopolis in Cairo on Sunday. Scheduled to open in 2014, the Hilton Heliopolis will have 485 rooms and 150 apartments along with a shopping complex and is close to the airport. The hotel will also have five restaurants, a ballroom, nine meeting rooms, a board room, fitness centre, swimming pool, two tennis courts and a dedicated lounge for airline crew.
“We are very happy to have signed this management agreement for this landmark hotel in Cairo - an important development market for us. Hilton Heliopolis will truly complement our existing portfolio in Cairo, while also supporting our position as the leading hotel brand in Egypt. Thanks to Cairo's bustling new international airport, which aims to handle 20 million passengers a year, we see increasing demand for accommodation in the affluent Heliopolis quarter,” said Jean-Paul Herzog, President, Hilton Worldwide, Middle East & Africa.
Tourism contributes 6.6 per cent to Egypt’s GDP and the country hopes to have 27 million tourists annually by 2022.
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