CHI Hotels & Resorts signs Two Hotels in Sharm El Sheikh, Egypt

Malta based CHI Hotels & Resorts (formerly Corinthia Hotels International) has signed a long term management agreement with Cyrene Tourism Investment Corporation of Egypt for the operation of two new upscale properties in the highly popular Egyptian resort of Sharm El Sheikh. Both  hotels will form part of a major resort destination to be known as the Corinthia Beach Resort.

The Corinthia Hotel will be a five-star international deluxe property located directly on a stunning beach front in Montazah, Sharm El Sheikh. The property is set to become operational in the last quarter of 2009 and will offer 220 deluxe suites and be fully supported with independent restaurants, a club house and fully serviced beach operation and outdoor pool.

The Tiran Island Hotel will be a 600 bedroom four-star international hotel offering a broad selection of luxury hotel rooms, residential suites and self-catering suites ideal for family occupation. Scheduled to open in the first quarter of 2009, this quality four-star operation will offer a wide range of restaurants, entertainment, bars, Spa, outside pools and extensive conference and meeting facilities to suit conference tourism.

Both hotels will be operated by CHI Hotels & Resorts as the Corinthia Beach Resort, with a full range of differently priced products covering room only, bed and breakfast, half board, full board and fully inclusive rates.

The resort is built within beautiful landscaped gardens and at the same time having an extensive range of food and beverage products. There will be a quality offering of a wide range of entertainment and sporting facilities such as private tennis courts and diving and water sport activities.

The management agreement was signed by Paul Pisani, Vice-President -Development of CHI and H Mansouri, Chairman and CEO of the owning company Cyrene Tourism Investment Corporation of Egypt.

Sharm El Sheikh is a city situated on the southern tip of the Sinai Peninsula in Egypt and has become a leading tourist resort thanks to its dramatic landscape, year-round dry and temperate climate and long stretches of natural beaches. Its waters are clear and calm for most of the year and have become popular for various water sports, particularly recreational scuba diving and snorkelling which some consider to be among the best in the world. Coral reefs, under water and marine life, offer a spectacular and dazzling time for divers.

Sharm features all the amenities one could expect of a top class tourist resort, including casinos, discos and nightclubs, golf courses, windsurfing and other water sports, horses and camel riding, desert safaris,  and great nearby antiquities attractions.

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