The Ritz-Carlton Hotel Company, L.L.CThe Ritz-Carlton Hotel Company, L.L.C

Misr HotelsMisr Hotels

Nile HiltonNile Hilton

"We are honored to have been selected by Misr HotelsMisr Hotels to assume management of this iconic hotel," said Simon F. Cooper, president and chief operating officer of The Ritz-Carlton Hotel Company, L.L.CThe Ritz-Carlton Hotel Company, L.L.C. "The hotel's prime location in the literal center of the city combined with The Ritz-CarltonThe Ritz-Carlton's renowned service will produce memorable stays for all our guests when it re-opens after the restoration phase. Our plans for The Nile Ritz-Carlton, Cairo are wide-ranging, and will include conversion of certain facilities to re-establish the hotel to its status as the leading property in the region."

"We also continue to explore other opportunities and destinations in the country," Mr. Cooper added. "With the growth in tourism, the increasing strength of the Egyptian economy, the sustained development of the infrastructure required, and the investment support from within the Egyptian tourism and hospitality sector, we see expansion within Egypt to be an important future strategy."

The hotel will be initially re-branded as The Nile Hotel, Cairo on January 1, 2009 and will continue to welcome guests to enjoy its services and facilities. A complete restoration and renovation of the half-century old property will commence in mid 2009 for approximately 18 to 24 months. The aim is to transform the venerable hotel into a modern benchmark for contemporary luxury hospitality worthy of The Ritz-CarltonThe Ritz-Carlton brand when it re-opens, while preserving its iconic heritage.

The Ritz-Carlton Hotel CompanyThe Ritz-Carlton Hotel Company is present in key gateway cities and exclusive destinations. Its reputation for exceptional customer quality has been recognized throughout the world with coveted awards marking their leadership in the luxury hospitality field. It enjoys a significant presence in the region with five outstanding hotels and resorts in Bahrain, Egypt, United Arab Emirates, and Qatar. Recently announced future properties include Riyadh, Abu Dhabi and Dubai International Financial CentreDubai International Financial Centre. The Nile Ritz-Carlton, Cairo will be the first for the company in the capital city, and the second in the country after The Ritz-CarltonThe Ritz-Carlton, Sharm El Sheikh.

-Ends-

The Ritz-Carlton Hotel Company, L.L.CThe Ritz-Carlton Hotel Company, L.L.C., a winner of the Malcolm Baldrige National Quality Award in 1992 and 1999, manages 72 luxury hotels in the Americas, Europe, Africa, Asia, the Caribbean, and the Middle East. For information or reservations, visit The Ritz-CarltonThe Ritz-Carlton web site at www.ritzcarlton.com or call the toll free reservations number in Egypt 02 510 0200, Bahrain 800-00995, Istanbul 00800 4491 1137, Jordan 0800 22010, Kuwait 632 9988, Lebanon 800 432 5965, Qatar 0800 97115, Saudi Arabia 800 8971 435 or UAE 800 4789.

© Press Release 2008 from Bates PanGulf Group

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