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PRE Group, Hilton Ink $259M Agreement for Six Hotels and Four Residential Projects

Hilton and PRE Group Ink $259M Deal in Egypt
Image: MOTEL ONE BUDGET BOUTIQUE HOTEL [CONSTRUCTION SITE ON UPPER LIFFEY STREET]-154915 by infomatique via flickr, by-sa

PRE Group and Hilton have finalized a $259 million agreement covering six hotels and four branded residential projects in Egypt, according to Forbes Middle East. The deal encompasses developments managed or branded by Hilton.

The projects will add approximately 2,000 rooms and units to Egypt’s hospitality market. This agreement forms part of Hilton’s efforts to expand its brand footprint in the country.