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| Tut hotel Luxor, Egypt. |
TI’ME Hotels Management secures contract for Egyptian Nile
resort property at Arabian Travel Market and plan major refurbishment to
existing infrastructure as Egypt’s
tourism industry moves forward
TIME Hotels Management (TIME), the new UAE-based hotel
group, announced at Arabian Travel Market that they have signed a contract with
Edris Group – a major Egyptian-based travel and tourism company – for the management
of the Tuthotel property in Luxor,
Egypt.
The boutique establishment has 79-rooms, and TIME will
oversee a complete refurbishment of Tuthotel’s infrastructure, adding 82-rooms –
to take its total inventory to 161-rooms – to upgrade it to deluxe four-star
status in line with international standards.
The former Edris-managed hotel will forthwith trade under
the name ‘TIME Tuthotel’. Edris group still own the property, which, after
extensive renovation, is expected to be fully-operational by the end of this
year.
Mr. Mohamed Al Mazroei, Assistant Managing Director of Gulf
General Investment Company (GGICO) – owner of TIME – said: “I am thrilled to be
signing a contract that promises so much for our young company.
“This auspicious announcement confirms our strong-minded and
positive approach to our expansion plans for the Middle
East, and demonstrates our commitment to providing our guests with
the very best accommodation options in the region.”
Mr. Ahmed Edris, Chairman, Edris Group, said he was looking-forward
to working with TIME: “I’m really optimistic about the future of the Tuthotel
property now that its management is in the hands of TIME, which in my opinion,
is one of the most ambitious brands in the Middle East
hospitality industry.”
Overlooking the world-famous River Nile, and situated just 25
kilometres from the Luxor International Airport, and a mere ten-minute walk
away from the local train station Mohamed Awadalla, Area Vice President, TIME, says
the property is ideally situated for regional and international leisure
travellers: “Located in Luxor, away from the noise and chaos of Egypt’s big cities,
TIME Tuthotel will offer leisure travellers a tranquil retreat with stunning
views of ‘the great river’ – remarkable for its centrality to ancient cultures and
the modern world.
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| Nile River Luxor |
“And being located on the Nile, we will be well-positioned
to implement a variety of tourist initiatives in collaboration with local tour
operators and businesses including Nile cruises, Luxor
and Karnak temple day-trips.What’s more guests can also access the traditional tourist
hot-spots. With the train station in close proximity the property accessibility
to the millennia-old Pyramids and Sphinx in Giza,
and the Sinai Peninsula are only a train
journey away.”
With its pharaonic antiquities and year-round warm beaches,
tourism is top foreign currency earner, and the source of over a tenth of the country’s gross
domestic product (GDP). Furthermore, it represents one of the Middle East North
Africa’s (MENA) most important hospitality sectors. Egypt’s historic sites remain a major attraction for tourists
worldwide, says Mr. Awadalla.
“The long-term potential of the Egyptian travel and tourism
market cannot be questioned due to its proximity to Europeand its rich abundance of natural and cultural assets. And despite the declines in the country’s tourism revenue,
a recent STR Global Construction Pipeline Report shows that nearly 5,000 rooms
are being developed in the country, reinforcing my point,” he added.
Indeed, Samy Mahmoud, undersecretary of the ministry and
head of Egypt’s
international Tourism Sector, recently said Egypt’s tourism ministry expects to
see a recovery in tourist figures to between 12 and 13 million in 2012,
bringing in $11 billion to the country.
Photo: From left to right: Mr. Mohamed Al Mazroei, Assistant
Managing Director, GGICO, Mr. Ahmed Edris, Chairman, Edris Group and Mr. Mohamed
Awadalla, Area Vice President, TIME Hotels Management sign the contract for the
Tuthotel in Luxor, Egypt.
TIME Hotels Management:
TIME Hotels Management is well-capitalised with significant
management expertise and has ambitions to evolve into one of the leading hospitality
businesses in the UAE.
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| TIME Oak Hotel & Suites |
TIME Hotels Management are owned by the public shareholding
company Gulf General Investment Company and Investment Group Private
Ltd .
TIME currently manage the following properties:
- TIME Oak Hotel & Suites in Al Barsha, Dubai
- TIME Grand Plaza Hotel in Al Qusais, Dubai
- TIME Opal Hotel Apartments, Dubai
- TIME Crystal Hotel
Apartments, Dubai
- TIME Topaz Hotel Apartments, Dubai
- TIME Ruby Hotel Apartments, Sharjah
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