Emaar Misr opens new 118-key beach resort in Egypt
CAIRO, August 22, 2023
Emaar Misr, one of Egypt's leading real estate companies, has announced the opening of its new Address Beach Resort Marassi, on the country’s north coast, developed at an investment of $161 million.
This marks Egypt’s second hotel and resort under the Address Hotels and Resorts brand which is located in Dubai, Turkey, Saudi Arabia, and Bahrain.
Located on a 86,100 sq m area in Marassi, Sidi Abdelrahman, the resort has been constructed along the breathtaking beach of Marassi, where the guests are offered a private experience through a 160 m – long private beach.
The hotel comprises 118 rooms and suites designed in a cutting-edge style, 169 serviced apartments in addition to 69 cabanas located a few steps away from the sea and Marassi Marina, said the statement from Emaar Misr.
Speaking on the occasion, Mohamed AlAbbar, founder of Emaar Properties, said: "Emaar aims to develop a portfolio of 10 hotels, which represents approximately 3,000 hotel rooms in Egypt’s North Coast with an investment of EGP 26.3bn, including both the previously launched hotels and those that are still under construction."
"This reflects the company’s vision to enhance the hotels and hospitality sector in this destination, and building on this belief, Emaar Misr launched Address Marassi Golf Resort, in addition to renovating and launching Alamein Hotel, along with five Boutique Hotels. The company is planning to inaugurate Vida Marina Resort very soon," he stated
Emaar Misr is one of Egypt's largest real estate companies and the developer of iconic projects such as Uptown Cairo, Cairo Gate, Mivida and Marassi.
