It is considered one of the leading companies in the field of tourism and hotels. Misr Hotels Company operates under the umbrella of the Holding Company for Tourism and Hotels headed by Mr. Maged El-Menshawy, Chairman of the Board of Directors and Mr. Amr Attia, Executive Managing Director. It is one of the public business sector companies and is listed on the Egyptian Stock Exchange.
The purpose of establishing the company is to carry out all tourism and hotel activities, including the establishment, purchase and sale of hotels, summer resorts, winter resorts, tourist resorts, baths, casinos, restaurants, bars, and contracting to exploit beaches, sea and Nile ports, diving clubs, water games, entertainment facilities, gardens, etc.
Misr Hotels Company was established as an Egyptian joint stock company pursuant to the Prime Minister’s decision issued on 5/11/1955 and published in the Egyptian Gazette No. 48.
A stock exchange is a form of exchange that provides services for securities brokers and traders to buy or sell stocks, bonds, and other securities.
companies
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Luxury amenities
hotels
The Nile Ritz-Carlton, Cairo
In 1959 President Gamal Abdel Nasser inaugurated the Nile Hotel, previously known as the Nile Hilton Hotel. Ideally settled in the heart of Cairo, overlooking the River Nile, neighbor to the Egyptian Museum, the National Party and the Arab League headquarter. The Hotel was the venue that welcomed many Hollywood stars, political and business leaders.
After 50 years under the management of Hilton International Co., the management of Misr Hotels co., the owning company of the hotel, believed in giving the opportunity to one of the largest hotel management companies in the world, The Ritz-Carlton, which will launch its activities after the complete development and renovation of the hotel and the addition of a conference room matching the latest technologies, as well as an underground parking place with a capacity for 280 cars.
Hotel opening date 12/17/1998 It was reopened after extensive renovations on 8/15/2022 The total area of the hotel is 81478.27 square meters Hotel location The hotel is located in the city of Dahab in South Sinai Governorate with a 230-meter frontage on the Gulf of Aqaba beach. The area is characterized by water sports, diving and sailing. It is also characterized by unique coral reefs, marine species and rare fish. The hotel is bordered by the northern border
A comprehensive development of the existing hotel building and its annexes, with a hotel capacity of 331 rooms and suites, with self-financing. The investment cost necessary for the development was estimated at $24.7 million. The development work will be carried out in stages while maintaining the possibility of operating the hotel partially during the development period.
Purpose of the company in accordance with the Statute
Carrying out all tourism and hotel activities including buying and selling hotels, resorts, marinas, tourist resorts, baths, casinos, restaurants, bars, contracting
to exploit beaches, the Nile, diving, water games, entertainment facilities, parks, etc., furnishing, equipping, managing and other clubs, whether alone or assigning others to manage them,
participating and joining with others in similar companies and bodies or participating in them directly, and tourism, banking, financial, commercial, industrial and real estate businesses related to the company’s purposes.