ODE inks agreement with Thomas Cook to develop hotel, rebrand another in Gouna

An Orascom Development Egypt (ODE) subsidiary has inked an agreement with global tour operator Thomas Cook to develop a hotel and rebrand another in the Red Sea’s El Gouna resort town, according to a company press release. Orascom Hotels Management (OHM) will develop Casa Cook Hotel, which is expected to open as early as October 2019, and rebrand Arena Inn into Cook’s Club Hotel, which is expected to open in the summer of 2019. There was no mention of the size of the agreement.