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Mumbai : According to a report, the Indian Hotels Company limited (IHCL) has signed a Memorandum of Understanding (MoU) with Egyptian realty player Palm Hills Developments (PHD) for managing three hotels in Egypt. IHCL, which operates luxury chain Taj Group of Hotels, will manage the hotels on the North Coast, Ain El Sokhna on the Red Sea, and in the historic city of Aswan.
The hotels will be Taj's first entry into the Egyptian market, bringing with it the Indian chain's renowned mixture of luxury, service and hospitality. The first deluxe boutique hotel will be opened in 2013, which is located in North Coast Destination, Hacienda Bay.
Yasseen Mansour, CEO, PHD said, "We are honoured to be partnering with Taj Hotels, Resorts and Palaces. This partnership will serve to consolidate our position as a company that affiliates with only the best to ensure the highest standards in service and hospitality for both our residents and guests."
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