Rotana, one of the leading hotel management companies in the region with hotels across the Middle East, Africa, Eastern Europe and Turkey, has signed new management agreements with Al Marasem Development and Marina Way Lagoon. The agreement includes the management of two new properties – Lake Residence, serviced apartments in New Cairo which will also mark Rotana’s debut in the capital city and Marina Bay, Hotel Apartments in Alamein, North Coast. Al Marasem Development and Marina Way Lagoon partnered with Rotana to manage and operate the hotel projects, capitalizing the brand’s legacy and its experience in operating an extensive portfolio hospitality brands in the region. With Rotana’s superior level of expertise and deep-rooted knowledge in property management, this partnership aims to achieve the highest return on investment and provision of luxurious services with attractive competitive advantages. Commenting on the announcement, Nasser Al Nowais, Chairman, Rotana said: “We are delighted to partner with Al Marasem Development and Marina Way Lagoon, one of the largest players in Egypt’s real estate sector. We are honoured and grateful to His Excellency Sheikh Khalid bin Laden for entrusting Rotana with the exclusive management of these outstanding hospitality projects in the Republic of Egypt.” Al Nowais added: “Egypt has always been a strategic market for Rotana as it is one of the world’s leading tourism destinations with a great vision for the future of leisure and business travel. These incredible projects allow us to bring the world-class services and amenities of the Rotana brand to Egypt and provide us with a prime opportunity to strengthen our presence in the market. Through this partnership, we not only aim to showcase the vitality of our brand but …
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