Safir Hotels & Resorts (SHR) signs a memorandum of understanding (MoU) with Empire State Developments to manage and operate hotel rooms and suites within the El Centro Business Complex project in the New Administrative Capital (NAC), Invest-Gate reports.
This contract is the first step of cooperation between the two companies, beginning with Safir’s management of the “El Centro Business Complex” project. The new hotel is considered the first investment that will bear the “Safir” brand in NAC. Besides, it adds to the record of the two entities’ achievements.
The mixed-use complex will house a commercial mall, medical clinics, administrative floors, hotel rooms, and suites. It is located on an area of 24,000 sqm and consists of 15 floors.
The project will be designed and built according to the latest international standards and technologies, with a capacity of 100 rooms and suites with spacious areas and designs in the Andalusian architectural style.
“The new project is the first tourism project launched by the Empire State Developments in the Administrative Capital and has strong competitive elements. This new contract reflects our confidence in Safir Hotels & Resorts and its ability to achieve the highest investment returns and provide a distinguished hotel experience to its customers through its expertise in the field of hotel and resort management in the Middle East and the Arab Republic of Egypt in particular,” Mahmoud El Sarrag, chairman of the board of directors at Empire State Developments, comments.
The contract is signed by Mahmoud ElSarrag, chairman of the board of directors at Empire State Developments, and Fawzi Khalifa Al-Musallam, CEO of SHR, at the headquarters of Empire State Company, in the presence of Mostafa Mohsen and Amr Abadi, members of the Board of Directors of Empire State Company, and Hussein Shoukry, Area General Manager of SHR’s Egypt operations; Mohamed Sharaki, SHR’s Corporate Director of Engineering; and Ahmed Seleit, SHR’s Corporate Director of Business Development.