Rixos Hotels Egypt expansion is planning to grow from 11 to 17 luxury hotels and introduce exceptional new facilities like Rixos Radamis Sharm El Sheikh.
Abu Dhabi investment company, ADQ, and its subsidiary ADNEC Group, announced on 12 January the acquisition of 40.5 percent of ICON, the hospitality arm of Egypt-based Talaat Mostafa Group through a capital increase. The signing agreement marks ADQ’s acquisition of stakes in ICON’s pre-existing portfolio of luxury hotels and resorts, including seven famous historic hotels
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