Jaz Hotels, Resorts & Cruises Set for Major Expansion in Egypt

Jaz Hotels, Resorts & Cruises, Egypt’s most successful hotel company, is set to undergo the largest expansion to its portfolio to date with more than 15 properties in the pipeline, 9 of which will open during 2009 and 2010. The expansion includes the addition of three new hotel properties in the Nabq area of Sharm El Sheikh and the launch of two five-star deluxe Nile Cruise Ships.

In Sharm El Sheikh, Egypt’s most popular holiday destination for British holiday makers, Jaz Hotels, Resorts & Cruises will open six new hotels and resorts by early 2010 immediately adding more than 1,000 rooms to its portfolio in this popular Red Sea resort.

The four-star Sol Y Mar Sharks Bay is now open and is located only ten minutes away from Sharm El-Sheikh International Airport and close to the beaches of the Red Sea.

Additional Sharm El Sheikh openings include the four star Sol Y Mar Naama Bay with a total of 200 rooms, appealing to divers and families with spacious apartment style accommodation, and the five-star Iberotel Il Mercato, located in the heart of the Il Mercato Promenade with its stylish restaurants and cafes as well as some of the biggest international brands.

Jaz Hotels Resorts & Cruises has also finalized a management agreement to operate a new five-star beachfront resort hotel in the Nabq area of Sharm El Sheikh, offering over 600 rooms across the entire complex. The new properties will be added to the group’s extensive portfolio under the brand of Sol Y Mar Riva World. The three hotels will be named as Sol Y Mar Riva Beach, Sol Y Mar Riva Club, and Sol Y Mar Riva Mar.