Capital Elite Developments announced the signing of a management agreement with U.S. Wyndham Hotels & Resorts. It is the world’s largest hotel franchising company. The partnership aims to develop Wyndham Hotels & Residences Cairo West, with total investments amounting to EGP 13bn.
The agreement was signed by Eng. Mostafa Mansour, Chairman of Capital Elite Developments. and Mr. Dimitris Manikis, President of Wyndham Hotels & Resorts for Europe, the Middle East, Eurasia, and Africa (EMEA). Officials from both companies attended the signing ceremony.
Eng. Mostafa Abdallah Gomaa Mansour, Chairman of Capital Elite Developments, said, “Our collaboration with Wyndham Hotels & Resorts to develop this flagship project in Cairo West represents a major milestone in our journey as a leading real estate developer.”
He added that Wyndham’s global expertise in hospitality management adds exceptional value to the project. This partnership underscores the company’s commitment to working with world-class entities. It aims to deliver distinctive developments that enrich the Egyptian real estate market.
Mostafa Mansour noted that the project aligns with the state’s strategy to expand the number of hotel rooms in West Cairo. He explained that the project is located in the heart of the vibrant Dreamland area, near the Giza Pyramids and the Grand Egyptian Museum. It is one of the largest integrated hotel and residential developments in Egypt. The project combines luxury, innovation, and a strategic location. Therefore, it makes an ideal destination for both leisure and business stays.
Construction is scheduled to begin before the end of next year. The five-star hotel will feature 600 hotel and residential units, including 150 hotel rooms and 450 branded residences. It will also include over 1,500 sqm of event spaces and world-class sports and recreational facilities. All elements are designed in line with Wyndham’s latest global standards.
The company also announced its partnership with ACE Moharram.Bakhoum. It plans to launch the first phase of the project within just 45 days. Project delivery is scheduled for December 2029. The company aims to create an iconic architectural landmark in West Cairo.
Mansour stated that this development marks a new starting point for Capital Elite’s expansion plans. The company will develop new hotel and residential projects across various locations. These projects will be executed through strategic partnerships with international brands. Such collaborations will elevate the quality of Egypt’s real estate and tourism sectors.
Mr. Dimitris Manikis, President of Wyndham Hotels & Resorts for Europe, the Middle East, Eurasia, and Africa (EMEA), said, “Egypt’s tourism sector is experiencing exceptional growth, driven by rising demand for premium accommodation.”
He emphasized that Egypt is a central hub for Wyndham’s expansion in North Africa. The agreement underscores Wyndham’s commitment to delivering world-class hospitality across the region. The company aims to offer travelers outstanding experiences and provide branded residence owners with the advantages of Wyndham’s global reach, deep expertise, and partner support.
