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Orascom Development set to build $245m Four Seasons Hotels
- Egypt: Thursday, September 09 - 2010 at 10:36
Egypt's Orascom Development plans to build two Four Seasons-branded hotels, one in Egypt and the other in Oman, by second-half 2011 for a total investment of $245m, Reuters has reported. The first hotel, which will be in the Red Sea resort of El-Gouna, is to cost $85m and will have a capacity of 150 rooms and 60 villas, while the second property is expected to cost $160m with a capacity of 200 rooms and 75 villas.
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