Minor Hotels, hotel owner, operator and investor, currently with a portfolio of 527 hotels and resorts in 55 countries across Asia-Pacific, Middle East, Europe, South America, Africa and the Indian Ocean, is pleased to announce its upcoming debut in Egypt with the launch of a new Oaks property.
Scheduled to open in 2025, Oaks Egypt New Capital Apartments & Suites will be located in the heart of the new Egyptian administrative capital and will begin construction early next year.
The property will market a total of around 400 apartments and suites in this rapidly developing new administrative and financial capital.
An industry leader in modern residential-style accommodations, Oaks Hotels, Resorts & Suites offers a home-away-from-home for discerning business travelers and leisure tourists.
Oaks Egypt New Capital will be housed in two wings, centrally connected on the roof and downstairs with a spacious retail area.
One wing will offer a mix of suites and studios, in addition to designer one and two bedroom apartments. The other will include 203 branded suites.
The property’s facilities will include several restaurants, a lobby lounge, spa and gym, in addition to meeting and co-working spaces. The property will also have a rooftop swimming pool for guests and residents.
Egypt’s new administrative capital is a large-scale master plan launched by the government in 2015. Located 45 kilometers east of central Cairo, the new city will house the entire government, ministries, embassies foreign countries and the local headquarters of many international companies. The master plan is one of the country’s largest economic growth programs, as established by Egypt Vision 2030.
The new property is owned by Margins Development, a private real estate developer with numerous high-end commercial projects in Cairo.
Dillip Rajakarier, CEO of Minor International Group and CEO of Minor Hotels, said: “Minor Hotels’ upcoming debut in Egypt is strategically important for the group as they continue to expand our presence in the MENA region and add a new countries to our portfolio. Egypt is well known as a tourist destination for its incredible history and heritage, in addition to being an important business center. We look forward to launching the Oaks brand in the country’s new capital and are confident that it will bring an excellent offering to this growing master plan development.
Sherif Khalil, CEO of Margins Development, said: “Oaks New Capital Apartments & Suites is the first branded residence in the new capital, strategically located in the heart of the central park with a magnificent view of the Green River. Minor Hotels is an internationally renowned hotel group and we are delighted that their first property in Egypt is in cooperation with Margins Developments.
We are looking to invest in this relationship with Minor Hotels to launch new properties in other areas of Cairo and on the North Coast soon. Oaks New Capital Apartments & Suites will offer a variety of unit types including studios, one and two bedroom units and a wide range of hotel services.
Minor Hotels currently has 31 hotels and resorts in operation and in preparation in the MENA region through its Anantara, Avani, Tivoli and Oaks brands, with the pipeline comprising the launch of two new brands in the region: NH Collection and NH Hotels.