As of that date, the property will no longer be under the management of the Swiss international hotel group.
The decision to discontinue managing the hotel is the result of differing views between the owning company and Mövenpick Hotels & Resorts with regard to product quality, strategy and tenure. "Unfortunately, we could not agree on market positioning and management rights, and so had no choice but to end our longstanding cooperation," said Jean Gabriel Pérès, President & CEO of Mövenpick Hotels & Resorts.
"We are currently repositioning ourselves in Egypt and aim to offer our guests the same high standards of quality and service in all our hotels," explained Josef Kufer, Senior Vice President Africa Mövenpick Hotels & Resorts.
"We are now at an advanced stage of negotiations with several potential partners, who have shown considerable interest in cooperating with Mövenpick Hotels & Resorts. We are confident that we shall soon have the opportunity to announce major new projects within Egypt," Josef Kufer added.
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Mövenpick Hotel Cairo-Heliopolis no longer part of the Swiss Hotel Group's portfolio
- United Arab Emirates: Thursday, May 31 - 2007 at 14:36
- PRESS RELEASE
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As part of its repositioning strategy in Egypt, Mövenpick Hotels & Resorts will hand the Mövenpick Hotel Cairo-Heliopolis back to the owning company, Arab World Egypt Air Hotels, on 31 May 2007.
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Posted by Lara Lynn Golden, News EditorThursday, May 31 - 2007 at 14:36 UAE local time (GMT+4)
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Notes and Media Contacts »
Mövenpick Hotels & Resorts (MH&R), a premium hotel management company with over 12,000 employees, is represented in 25 countries with over 80 hotels existing or under construction and focuses on its core markets in Europe, the Middle East, Africa and Asia. The international hotel group with Swiss roots is forging ahead with its expansion and aims to extend its portfolio to include 100 hotels by 2010. MH&R has established a clearly defined presence in the 4 and 5-star segment with two types of accommodation: business and conference hotels, and holiday resorts. In keeping with its slogan "True Excellence in Swiss Hospitality", the hotel chain is renowned for the uncompromising quality of its products and services. The hotel group is owned by Mövenpick Holding (66.7 %) and the Kingdom Group (33.3 %).
Gehan Moustafa
Branding & Marketing Communications Manager
Mövenpick Hotels & Resorts - Africa
67, El Horreya St., Heliopolis
P.O.Box 2249,Cairo, Egypt
Phone +202 690 1799
Fax +202 690 1795
Gehan Moustafa
Branding & Marketing Communications Manager
Mövenpick Hotels & Resorts - Africa
67, El Horreya St., Heliopolis
P.O.Box 2249,Cairo, Egypt
Phone +202 690 1799
Fax +202 690 1795
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