Real estate investment firm A Capital Holding will invest EGP 20 bn in its Marriott Residences Heliopolis — Egypt’s first Marriott-branded residential project, Al Borsa reports.

The details: Spanning 27k sqm, the project will house six interconnected towers offering one- to three-bedroom apartments, with hotel services such as concierge, room service, and housekeeping, according to A Capital Holding’s CCO Dalia El Kordy. Amenities include a rooftop sports and a clubhouse.

As things stand: The company launched a new phase of the project — The Signature Tower — this week. The Signature Tower will include 231 units to be delivered in 2028.

REMEMBER- This project highlights Marriott’s growing footprint in Egypt. The hospitality group is also converting the Mogamma building into an Autograph Collection hotel, partnering with Somabay on a beachfront resort in Hurghada, and teaming up with SODIC to launch two Tribute Portfolio hotels in Sheikh Zayed and the North Coast.

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