Marriott International and Reliance Ventures Sign Agreement to Bring Experiential Moxy Brand to Downtown Cairo

في يوم 22 يوليو، 2024 | بتوقيت 11:44 ص

كتبت: Nagwa Taha

 

 Marriott International Inc. and Reliance Ventures S.A.E, Reliance Egypt’s hospitality investment arm, signed an agreement to open a Moxy Hotel in Downtown Cairo. Expected to open in 2029, Moxy Cairo Downtown will bring the brand’s playful hospitality, stylish design and buzzing social spaces to the heart of the city’s vibrant downtown district.
Moxy Cairo Downtown will be part of an adaptive reuse project of the Lazoghly complex of buildings, which were formerly the offices for the country’s Ministry of Interior. The complex is being repurposed to offer hotel, office and co-working spaces, retail outlets and restaurants, as well as edutainment facilities.
“There is a growing demand for more lifestyle hotel accommodation options in Downtown Cairo and Moxy Hotels will be a great addition to the city’s hospitality landscape with its playful and stylish experience,” said Shady Hassan, Vice President, Development – North Africa, Marriott International. “We look forward to working with Reliance Ventures to bring the brand’s social spaces and engaging programming to this vibrant area of the city at an attractive price point.”
““We are pleased to work with TSFE and Marriott International to bring a Moxy Hotel to our mixed-use Lazoghly project in Downtown Cairo,” said Magdi Kassabgui, Chairman of Reliance Ventures. “This vibrant development embodies our vision of an urban community where business, education, and entertainment converge. This landmark will reflect Reliance’s commitment to revitalising Downtown Cairo as a premier tourist destination.”
Amr Elhamy, Chief Executive Officer, TSFE Tourism, Real Estate & Antiquities Subfund added, “We are excited to work with Reliance Ventures and Marriott International on the conversion of the Lazoghly complex, and to introduce a new addition to the hospitality landscape in Downtown Cairo. This project is in line with the fund’s aim to work on various repurposing projects that will help regenerate the area and utilize assets that are rich in architectural and heritage value. Moxy Cairo Downtown will be a unique offering within the area that will cater to the growing trend of experiential and lifestyle travel.”
Moxy Cairo Downtown is expected to offer stylish and smart rooms and suites designed for today’s young-at-heart travelers. Design plans feature a fitness centre, buzzing public spaces, a fun grab-and-go concept and communal tables offering plenty of opportunities to plug and play.
Situated in Downtown Cairo, this unique location makes the hotel in close proximity to iconic landmarks such as Tahrir Square, the Egyptian Museum and the Cairo Opera House, as well as a short distance away from the Nile River. The property is surrounded by historic architecture, commercial buildings, and lively markets.