Rixos, Eastern Co. for Investment sign agreement to renovate Hurghada hotel

Rixos Hotels has inked a partnership agreement with the Eastern Company for Investment and Tourism Development to “takeover and renovate an existing beachfront property” in Hurghada’s Makadi Bay, according to a press release (pdf). The property will be rebranded as an all-inclusive luxury resort and renamed Rixos Makadi Bay. The hotel is slated for inauguration in 2020, upon the completion of phase one of the two-phase renovation plan.