The partnership reinforces the concept of luxury hospitality and serviced branded residences in one of Egypt’s most distinguished coastal destinations.

The hotel will feature 175 rooms operated under international hospitality standards within Marina 5’s prestigious “Ministers’ Peninsula”.

(HDP) Housing and Development Properties, the real estate arm of Housing and Development Bank, in collaboration with TULUA Developments, announced the signing of a strategic partnership agreement with Radisson Blu, one of the world’s leading hospitality brands, to develop a five-star hotel within the Blu Stays the last phase at The Island project. Developed by HDP and located in the prestigious “Ministers’ Peninsula” in Marina 5, the partnership reflects the companies’ commitment to delivering integrated hospitality and serviced living experiences aligned with the highest international standards, Invest-Gate reports.

This partnership comes as part of HDP’s strategy to develop fully integrated real estate and tourism destinations that combine exceptional locations, refined designs, and world-class services, thereby strengthening the North Coast’s position as one of the leading investments and tourism destinations along the Mediterranean Sea.

Under the agreement, Radisson Blu will manage a 5-star hotel comprising 175 hotel rooms, offering a diverse range of accommodations, including standard rooms, family rooms, luxury suites, and a royal suite, ensuring a world-class hospitality experience that meets the expectations of both customers and investors alike. The Blu Stays which is the last phase of The Island project represents the final development phase within The Island project, which was launched last year to become one of the most prominent luxury coastal destinations in Marina.

The project enjoys a prime location within “Ministers’ Peninsula”, one of the most exclusive and distinguished areas in the region, where the island extends approximately 2,000 meters and is surrounded by water on all sides, offering a unique residential and hospitality experience that combines privacy, luxury, and open panoramic views of both the sea and the lagoon.

For his part, Dr. Hosny Hany, Chief Executive Officer of TULUA Developments, said: “The Island represents a distinctive model for integrated coastal destinations, combining a prime location within the Ministers’ Peninsula in Marina 5 with sophisticated designs and world-class amenities, reinforcing its position as one of the Mediterranean’s leading luxury destinations. Since the project’s inception, we have been committed to delivering a fully integrated experience that meets the aspirations of clients seeking privacy, exclusivity, and long-term investment value”.

He added: “Blu Stays is a natural extension of this vision, introducing an advanced serviced hospitality living concept that combines luxury with professional hospitality services. Our collaboration with Radisson Blu reflects the project’s exceptional value and highlights the confidence global brands place in its unique offering. This partnership will contribute to delivering a world-class hospitality experience while addressing the growing demand for high-quality real estate and tourism products in the Egyptian market”.

In this context, Hossam Eissa, Chief Executive Officer of HDP, stated: “This partnership with Radisson Blu marks an important strategic milestone within our vision of developing integrated urban communities that deliver sustainable value to our customers. At HDP, we are committed to collaborating with leading global brands to provide exceptional experiences that elevate both living and hospitality standards, which is exactly what Blu Stays the last phase of The Island project represents through its unique location, premium services, and world-class operational standards”.

He added: “We believe The Island is one of Egypt’s most prominent luxury coastal destinations, and through this partnership, we aim to further strengthen its position as a fully integrated destination for living, investment, and tourism, in line with the ongoing urban and developmental transformation taking place across the North Coast”.

The Island is considered one of Marina 5’s flagship tourism developments, located within the prestigious “Ministers’ Peninsula.” Total concrete works have now exceeded 95%, with full project delivery scheduled for 2028. The development enjoys direct sea and lagoon views from all directions, positioning it as a distinctive coastal destination that combines luxury with contemporary living.

Blu Stays is the project’s last key phase, spanning a total built-up area of approximately 37,000 square meters, with an average footprint of 4,500 square meters. The development consists of a marina level, a ground floor, and four typical upper floors, while the majority of units enjoy direct sea views. Delivery is scheduled within a timeframe of three to five years. Blu Stays also offers a comprehensive range of amenities designed to provide an exceptional experience for owners and visitors, including direct marina access, panoramic sea and lagoon views, waterfront restaurants and cafés, swimming pools, a luxury wellness center and spa, an outdoor gym, as well as world-class hospitality services and management.

Elie Milky, Chief Development Officer of Radisson Blu, commented: “This partnership represents an important step within our expansion strategy in Egypt, a market we consider among the most promising in the region, particularly given the rapid growth of emerging tourism destinations such as the North Coast. Blu Stays the last phase of The Island project reflects the key attributes we look for when selecting projects, including an exceptional location, high development standards, and the long-term vision of our partners”.

He added: “We look forward to delivering a world-class hospitality experience that reflects the internationally recognized standards of Radisson Blu, ensuring exceptional services for both guests and property owners. We are confident that this project will further strengthen the North Coast’s position as a leading tourism and investment destination on the Mediterranean while supporting the growing demand for luxury hospitality and serviced residences in Egypt”.

HDP continues to strengthen its position as one of Egypt’s leading real estate developers through the development of innovative projects that meet customer aspirations and align with the latest global trends in real estate, hospitality, and tourism development. Through these efforts, the company creates sustainable value for investors and customers while supporting Egypt’s vision of enhancing its position as a leading regional destination for investment and tourism.