Marriott International Signs Agreement to Bring Iconic St. Regis Brand to New Administrative Capital of Egypt With St. Regis Almasa

St. Regis Hotels & Resorts | January 30, 2020

CAIRO, Egypt, January 30, 2020 - Marriott International, Inc. (NASDAQ: MAR) (www.Marriott.com) today announced that it has signed an agreement to open a St. Regis in the New Administrative Capital of Egypt, just outside of Cairo. In the second quarter of this year, The St. Regis Almasa is expected to occupy an existing luxury hotel at the entrance of the up-and-coming city that is slated to become the administrative and financial hub of Egypt. “We are delighted to be working with the National Authority for Management & Investment on this exceptional conversion opportunity to bring St. Regis to Egypt’s New Administrative Capital,”...