KEY POINTS
- Palm Hills and Marriott plan a St. Regis project near the Grand Egyptian Museum.
- The development includes hotel rooms, serviced apartments and branded residences.
- Developers expect tourism growth to reshape West Cairo demand.
Palm Hills Developments, the Egyptian real-estate group controlled by billionaire Yasseen Mansour, has signed an agreement with Marriott International to develop a St. Regis hotel-and-residences complex in West Cairo, adding another luxury project near the long-awaited Grand Egyptian Museum.
The development will carry the name The St. Regis Hotel & Residences Palm Hills Cairo. Plans include about 150 hotel rooms, 50 serviced apartments and 150 branded residences. The companies did not disclose the project’s investment value or an opening timeline.
Palm Hills said rising interest around the Grand Egyptian Museum near the Giza plateau will drive cultural tourists toward the project.
Tourism bets around Grand Egyptian Museum
Chairman and Chief Executive Officer Yasseen Mansour described the agreement as a signal of confidence in Egypt’s tourism outlook. He said the museum’s opening will shift visitor flows toward West Cairo and encourage longer stays around cultural attractions.
Mansour said the partnership fits government efforts to upgrade tourism services and expand hospitality capacity near key heritage sites. For Marriott, the deal strengthens its luxury presence in Egypt as global hotel groups pursue higher-spending travelers.
The St. Regis brand already operates in Egypt and continues expanding across the Middle East and Africa.
Palm Hills expands luxury hospitality portfolio
According to Billionaire Africa, Palm Hills Co-CEO and Managing Director Hazem Badran said the expanded relationship with Marriott reflects the company’s focus on tourism as a driver of economic growth. He said Palm Hills plans to deepen its hospitality platform and add thousands of rooms over the coming years, as developers increasingly diversify beyond residential sales.
The announcement comes as Egypt works to broaden its tourism offering beyond coastal resorts. Officials and developers have been promoting museums, transport links and large-scale urban projects to keep visitors in Cairo longer.
Palm Hills is best known for large residential and mixed-use communities in and around the capital. In recent years, the company has leaned more heavily on partnerships with global brands, a strategy developers say can help attract capital and distinguish projects in a crowded property market.
Details on architecture, amenities and sales timelines for the branded residences were not released. Palm Hills and Marriott framed the St. Regis agreement as a long-term play on West Cairo’s evolution into a luxury hospitality destination tied to Egypt’s most prominent cultural landmarks.
