Arab Int’l Company for Hotels to spend EGP 1 bn renovating Hilton Ramses

The Arab International Company for Hotels and Tourism will spend EGP 1 bn renovating the Hilton Ramses Hotel over the next four years, the local press reports. The first phase of the renovation process will take place over 10 months, and will include 200 rooms and 15 suites at a cost of EGP 140 mn. The rates for the rooms will be increased over the next six years to compensate for the renovation costs.