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Management Contract @ Grand Hyatt Cairo Terminated

Travel News Asia Latest Travel News Podcasts Videos Tuesday, 22 March 2011

Hyatt has pulled out of the Grand Hyatt Cairo due to what it says are unresolved contractual disputes with the hotels owner. The hotel owner is the Saudi Egyptian Touristic Development Company.

It is unfortunate that the contractual disputes have not been resolved, forcing us to exit this property, but this does not diminish how important Egypt is and will remain to the Hyatt brand, said Gebhard Rainer, managing director, Hyatt International (Europe Africa Middle East) LLC. We will continue to operate two Hyatt hotels in Egypt, and are interested in pursuing new development opportunities there.

Due to the termination, Hyatt is now no longer involved in the management of the hotel and the owner can no longer use the Hyatt brand.

Hyatt began managing Grand Hyatt Cairo in August 2003. Hyatt currently provides management services for two Hyatt Regency hotels in the Red Sea resorts of Sharm El Sheikh and Taba Heights, both of which are owned by entities unassociated with the Grand Hyatt Cairo and are not affected by this action.

Guests who have made reservations at Grand Hyatt Cairo through hyatt.com or the Hyatt reservation center should contact the hotel directly to confirm their booking.

Hyatt Gold Passport members will no longer be able to receive points or redeem points for stays at the hotel.

See recent travel news from: Travel News Asia, Hyatt, Grand Hyatt, Cairo, Egypt

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