Marriott International Inc. and Reliance Ventures S.A.E, the
hospitality investment arm of Reliance Egypt, have signed an agreement to open
a Moxy Hotel in Downtown Cairo. Moxy Cairo Downtown will bring the brand’s
playful hospitality, stylish design, and buzzing social spaces to the heart of
the city’s vibrant downtown district.
The hotel will be part of an adaptive reuse project of the
Lazoghly complex of buildings, previously used as office spaces. The complex is
being repurposed to include hotel accommodations, office and co-working spaces,
retail outlets, restaurants, and edutainment facilities.
“There is a growing demand for more lifestyle hotel
accommodation options in Downtown Cairo, and Moxy Hotels will be a great
addition to the city’s hospitality landscape with its playful and stylish
experience,” said Shady Hassan, Vice President of Development for Marriott
International’s North Africa region. “We look forward to working with Reliance
Ventures to bring the brand’s social spaces and engaging programming to this
vibrant area of the city at an attractive price point.”
“We are pleased to work with TSFE and Marriott International
to bring a Moxy Hotel to our mixed-use Lazoghly project in Downtown Cairo,”
said Magdi Kassabgui, Chairman of Reliance Ventures. “This vibrant development
embodies our vision of an urban community where business, education, and
entertainment converge. This landmark will reflect Reliance’s commitment to
revitalizing Downtown Cairo as a premier tourist destination.”
Amr Elhamy, Chief Executive Officer of TSFE Tourism, Real
Estate & Antiquities Subfund, added, “We are excited to work with Reliance
Ventures and Marriott International on the conversion of the Lazoghly complex,
and to introduce a new addition to the hospitality landscape in Downtown Cairo.
This project is in line with the fund’s aim to work on various repurposing
projects that will help regenerate the area and utilize assets that are rich in
architectural and heritage value. Moxy Cairo Downtown will be a unique offering
within the area that will cater to the growing trend of experiential and
lifestyle travel.”
Moxy Cairo Downtown will feature stylish and smart rooms and
suites designed for today’s young-at-heart travelers. The hotel’s design
includes a fitness center, buzzing public spaces, a fun grab-and-go concept,
and communal tables, offering plenty of opportunities for guests to connect and
collaborate.
Located in the heart of Downtown Cairo, the hotel will be
within close proximity to iconic landmarks such as Tahrir Square, the Egyptian
Museum, and the Cairo Opera House, as well as a short distance from the Nile
River. The property is surrounded by historic architecture, commercial
buildings, and lively markets, making it a prime location for both leisure and
business travelers.