An international consortium of developers and investors including Global Ventures Group, Oxford Capital Group, Al Otaiba Investments and Zoser Capital Partners will convert Egypt's historic Mogamma Al Tahrir building into a luxury hotel.

Cairo House Egypt for Real Estate signed an agreement with Tourism Investment SAE and Marriott International to convert the government building into an Autograph Collection Hotel.

The Hotel is expected to comprise 500 guestrooms and serviced apartments, along with multiple dining and entertainment options, a joint press statement said.  It is also anticipated to feature a rooftop swimming pool overlooking Tahrir Square with views of the Nile and the distant Giza Pyramids, and also include meeting and event space, a ballroom, an outdoor pavilion, a fitness centre and spa.

The statement said the project will serve as an anchor and catalyst for The Sovereign Group of Egypt’s (TSFE) wider plan for the revitalisation of downtown Cairo.

The statement didn't share details about project costs and completion timelines. 

(Writing by Eman Hamed; Editing by Anoop Menon)

(anoop.menon@lseg.com)

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