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Abu Dhabi Tourism, Accor Sign Management Deal For Sofitel Legend Pyramids Hotel

Nov 23, 2024•over 1 year ago

Contract Type

agreement

GizaHospitalityTourism

Description

Abu Dhabi Tourism Investment Company has signed an agreement with French hospitality group Accor for the management and operation of the Sofitel Legend Pyramids Hotel in Giza. The company has allocated approximately $100 million for the establishment of the hotel near the Grand Egyptian Museum (GEM), with construction set to commence in December 2024 and the expected opening date in May 2027.

Company Information

Company

Abu Dhabi Tourism Investment Company

Location

Giza, Giza, Egypt

About

Abu Dhabi Tourism Investment Company, owned by Abu Dhabi Development Fund, is a major player in the tourism and hospitality industry, with a significant portfolio of investments and projects.

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Agreement Insights

Based on industry data
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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