Tag Archives: TSFE tourism

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 …

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