Thailand-headquartered global hotel operating and investing chain Minor Hotels is marking its entry into Egypt with its Oaks brand, according to a recent report. The residential property will be owned by private real estate developer Margins Development.
The Oaks Egypt New Capital Apartments and Suites will be located in Egypt’s New Administrative Capital. Construction will commence early next year, and the property is expected to open in 2025.
The residential property will feature about 400 apartments and suites, spread across two wings. They will be centrally connected via the rooftop, and on the ground floor, which will also have a retail area. One of the two wings will have a mix of suites and studios, as well as branded one- and two-bedroom apartments. The second wing will be dedicated to 203 branded suites.
Other facilities include restaurants, a lobby lounge, a spa and gym, meeting and co-working spaces, as well as a rooftop pool deck accessible by both guests and residents.
Minor Hotels is growing its MENA footprint
The Egypt foray is “strategically important” for Minor Hotels, which aims to grow its presence in the MENA region, Group CEO of Minor International and CEO of Minor Hotels Dillip Rajakarier said.
The hotel chain recently launched its Bahrain operations, in August this year. It signed an agreement with the Bahrain Real Estate Investment Company (Edamah) to develop two hotels in Bahrain under the Avani and Tivoli brands. The hotels will be located in Bilaj Aljazayer and will open in 2024.
Minor Hotels has a portfolio of 527 hotels and resorts across 55 countries. Of these, 31 hotels and resorts (both operational and in progress) are located in the MENA region. These represent the group’s Anantara, Avani, Tivoli and Oaks brands.
Minor Hotels also has plans to launch two new brands in the MENA region, NH Collection and NH Hotels.
“We are looking to invest in this relationship with Minor Hotels to launch new properties soon in other areas in Cairo and on the North Coast,” Sherif Khalil, CEO of Margins Development, said about the collaboration.
“Oaks New Capital Apartments & Suites is the first branded residence in the New Capital strategically located at the main spine of the central park with magnificent views of the green river. Minor Hotels are a reputable hotel group worldwide and we are delighted that their first property in Egypt will be in cooperation with Margins Developments,” Khalil added.