Originally Posted by
khabah
Interesting news: St. Regis has signed to take over the state-owned Al Masa Capital hotel in the New Administrative Capital currently under construction outside of Cairo. The hotel, the first to open in the New Capital, has 270 rooms, 90 suites, 60 hotel apartments and 14 presidential villas. Word has it that the original, long-delayed St. Regis Cairo on the Nile Corniche has had its operational license revoked in its entirety since the diplomatic spat with Qatar, who owns that project, isn't going anywhere.
No official press release from Marriott yet, but sources
here and
here have broken the news.
khabah
Whats nuts to me is that for the years of delays given the situation why cant there be some clever change of ownership or simply a sale so that the ready for business (for a long time) St. Regis Cairo can just open !?