20 February 2007
Movenpick Hotels & Resorts has signed a management agreement to strengthen the partnership with Nile Exploration Corporation: with effect from November 2007 the Nile fleet, which already encompasses three luxury cruisers, will be augmented by the new M?venpick M/S Royal Lily.

Following the takeover of a further vessel called M?venpick M/S Prince Abbas the company's presence will also be extended to Lake Nasser.

Nile Exploration Corporation already owns the Movenpick M/S Royal Lotus, which celebrated her maiden voyage in November 2005, and which in 2006 was named the best Nile cruiser by the Egyptian Ministry of Tourism. The company boasts cruise experience gained over three decades and is renowned for utilising state-of-the-art marine engineering and navigation technology, certified to the highest international standards for on-board comfort, safety and hygiene.

"The positive and well-functioning partnership between us and Movenpick Hotels & Resorts in conjunction with Royal Lotus formed the basis for the signing of a further management agreement," explains Nagui Erian, CEO of Nile Exploration Corporation. "We are delighted that the internationally successful hotel group with Swiss roots is set to operate two further deluxe cruisers from our company."

"We are honoured that, thanks to our strong partner Nile Exploration Corporation, we are able to offer our guests new cruise ship opportunities of the very highest standard," says Jean Gabriel Prs, President & CEO M?venpick Hotels & Resorts. "The floating 'boutique'-hotels offer fewer cabins than customary, which means our guests will enjoy larger rooms, spacious public areas and additional amenities."

The new fully air-conditioned M?venpick M/S Royal Lily will be a sister ship to Royal Lotus and disposes on 56 comfortable cabins (21.5 m2). These are located in the upper decks, in order to allow guests unhindered views of the spectacular scenery along the Nile. Those who prefer an even more luxurious setting will feel well-accommodated in one of the four Royal Suites (approx. 42 m2).

The spacious restaurant offers varied buffets and menus a la Movenpick Hotels & Resorts with Egyptian and international specialities, as well as vegetarian dishes which meet the most demanding culinary standards. The elegant Salon Deck with panorama windows is equipped with an Oriental-style lounge, a bar and a dance floor. The Sun Deck disposes on a swimming pool, a heated whirlpool, a pool bar as well as a canopied area.

"It is a unique experience to discover the enchanting landscape between Aswan and Luxor by a Nile cruiser and to visit the splendid antique temples and tombs", adds Josef Kufer, Senior Vice President Africa Movenpick Hotels & Resorts. "In fact, certain places of interest can only be visited by ship."

The second new addition to the Movenpick fleet is to be found on Lake Nasser: The Prince Abbas is due to undergo a comprehensive refit and modernisation, and is scheduled to be relaunched in November 2007 as Movenpick M/S Prince Abbas. Five fully air-conditioned decks with exterior promenades, as well as 65 cabins, including 18 Junior Suites and four Royal Suites, ensure upscale comfort. Further outlets include a swimming pool on the two-storey Sun Deck, a library, a fitness centre as well as a lounge and a bar. Egyptian and international specialities will be served in the restaurant.

"With Lake Nasser we are now able to offer a further exceptional destination within Egypt," continues Josef Kufer. "Our guests will soon have the opportunity to discover the historic and lesser known Nubian treasures - these include amongst others the mighty temple of Abu Simbel with the colossal statues of King Ramses II."

-Ends-

Movenpick Hotels & Resorts (MH&R), a premium hotel management company with over 12,000 employees, is represented in 25 countries with over 80 hotels existing or under construction and focuses on its core markets in Europe, the Middle East, Africa and Asia. The international hotel group with Swiss roots is forging ahead with its expansion and aims to extend its portfolio to include 100 hotels by 2010. MH&R has an established presence in the 4 and 5-star segment with two types of accommodation: business and conference hotels and holiday resorts. In keeping with its slogan "True Excellence in Swiss Hospitality", the hotel chain is a byword for the uncompromising quality of its products and services. The hotel group is owned by the M?venpick Holding (66.7 %) as well as the Kingdom Group (33.3 %).

Alain Gozzer
Public Relations Manager
M?venpick Hotels & Resorts Management AG
Zurichstrasse 106
CH-8134 Adliswil
Phone +41 44 712 25 51
Fax +41 44 771 17 11

© Press Release 2007