ODE to open two new Gouna hotels in coming months

Orascom Development Egypt (ODE) will open two new hotels in Red Sea resort town El Gouna in the coming few months, CEO Khaled Bishara said. ODE had signed an EGP 200 mn agreement with Thomas Cook to develop a Gouna hotel and rebrand another in the same town. The agreement will see Orascom Hotels Management (OHM), an ODE subsidiary, develop Casa Cook Hotel, which will open in October, and rebrand Arena Inn into Cook’s Club Hotel, which will open in August.