Tata group firm Indian Hotels Company has entered into an agreement with Egyptian realty player Palm Hills Developments (PHD) for managing three hotels in Egypt.
The Indian Hotels Company, which operates luxury chain Taj Group of Hotels, has signed a memorandum of understanding (MoU) with PHD to manage three hotels on the North Coast, Ain El Sokhna on the Red Sea, and in the historic city of Aswan, it said in a statement today.
The hotels would be Taj's first entry into the Egyptian market, bringing with it the Indian chain's renowned mixture of luxury, service and hospitality, it added.
The first deluxe boutique hotel due to be opened in 2013, is located in North Coast Destination, Hacienda Bay.
"We are honored to be partnering Taj Hotels, Resorts and Palaces. This partnership will serve to consolidate our position as a company that affiliates with only the best to ensure the highest standards in service and hospitality for both our residents and guests," Palm Hills Developments (PHD) Chairman and CEO Yasseen Mansour said.