German hospitality group FTI has revealed plans to expand its Labranda World resorts in Makadi Bay in the Red Sea as part of its ongoing hotel expansion strategy, German tourism publication FVW reports.

FTI CEO Dietmar Gunz says the group is planning for a large-scale Labranda World development at Makadi Bay; the developer has already bought three hotels on a 500,000 square meters site from Orascom Development Holding, owned by FTI shareholder Samih Sawiris.

The present Labranda Club will be first renovated, and then FTI is planning to develop more hotels, aqua-parks, restaurants, shops, and other facilities at the Makadi Bay site over the next 2-3 years, the CEO adds.

FTI group is currently transforming the immense Stella Canaris complex on Fuerteventura island in North Africa into an integrated tourism town comprising ten diverse up-market hotels, 35 restaurants, a shopping boulevard, a golf course, an Olympic swimming pool, and some fitness centers.

During a site visit, Gunz told FVW that his hospitality group aims to develop the new Labranda World resort to be “bigger than Stella once fully built.”