Sawiris’s Orascom to inaugurate Gouna and Fayoum hotels in 2016
Egypt-based Orascom Hotels and Development (OHD) is planning to inaugurate both Ancient Sands hotel-El Gouna and Ancient Byoum hotel-El Fayoum in the second and third quarters of 2016 respectively.
Located in El Fayoum, the 4-star hotel with 62 rooms (20 hotel rooms & 42 hotel apartments), expected to be operational in 2Q 2016.
In 1998, the Group was awarded land acquisition rights by the Government of Egypt at El Fayoum for a residential real estate development project. Total land parcels secured cover approximately 1.08 million m2 out of which 0.31 million sqm has been developed so far (34.3% developed).
While Ancient Sands-El Gouna includes Luxury villas, apartments, and townhouses spread across a generous 2.1 million square meter site. The resort offers an 18-hole Karl Litten designed championship golf course, tranquil spa treatment centre, swimming pools, a plush Golf Club Estate House, restaurants and chic bars.
Orascom Hotels and Development (OHD) is an integrated developer of resort towns in Egypt.the company currently owns a land bank of 45.9 million sqm and 25 hotels, 18 self-managed and 7 under management with a total of 5,955 rooms located on the Egyptian Red Sea Coast in Hurghada: El Gouna and Makadi; and Sinai in Taba: Taba Heights.
