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72241 28 Jul 2021

Hotel Indigo Brand Debuts in Egypt with a Four-hotel Agreement

New-build hotels to be developed with real-estate specialists Mountain View across four distinct neighborhoods in Cairo

July 27, 2021: IHGHotels Resorts,one of the world's leading hotel companies, is expandingits presence inEgyptwith four new Hotel Indigobranded properties.As part of aManagement Agreementsigned withreal-estate specialistsMountain View,IHG will introducethe worlds first globally branded boutique hotel brand,Hotel Indigo,to EgyptwithHotel Indigo Mountain View North Coast, Hotel Indigo Mountain View iCity New Cairo, Hotel Indigo Mountain View iCity 6th of October City and Hotel Indigo Mountain View Ain El Sokhna. The signing ceremony was held in the presence of His Excellency Dr. Mostafa Madbouly, Prime Minister of Egypt, and Dr. Assem el Gazzar, Minister of Housing and Development.

The four new hotels will reflect the unique ethosofHotel Indigo - to serve the curious by creating an immersivehospitality experience that draws on the history, rhythm and pulse of each of the four distinctneighbourhoods, providing diverse vantage points to view thecountry and its culture.All new built properties will cater to a broad range of travelers as leisure and business tourism rapidly rebounds across the country.

Speaking on the agreement,HaithamMattar, Managing Director, India, Middle East Africa, IHG said: "Egypt is one of the most dynamic tourism markets in the region with a great vision for the future of leisure and business travel. We have a long-standing legacy in the country and are proud to continue to support the development of its hospitality sector through the introduction of our boutique, lifestyle brand, Hotel Indigo.Our partnershipwith Mountain View, one of the most forward-thinking developers in Egypt, is testament to our continued commitment to bolstering the hospitality sector with more versatile properties, diverse offerings and immersive experiences for domestic as well as new segments of international visitors that are expected to visit Egypt as travel returns. Through this partnership, we not only aim to showcase the vitality of the Hotel Indigo brand but alsotheemerging and established regions of the country to a new group of Hotel Indigo guests."

With 15 years of experience developingtop-tier housingandupscale gated communities in Egypt's key new urbancentres,Mountain Viewhas emerged as one of Egypt's most prolific names in real estate.Speaking about the partnership with IHG, Eng. Amr Soliman, Mountain View Chairman said: "Egypt hasalong and celebrated history of welcomingguests and cultures from around the globe for thousands of years. Tourism and hospitalityareingrained in our social and economic landscape and the new agreement withIHG for these four very distinctproperties, will further enhance ourcountrys hospitalitylandscape. With their innate understanding of local cultures, high standards of service and impeccable attention to detail, IHG is the ideal partner tobuild our hospitality offerings and take it to the next level."

Set in one of Egypt's most exclusivecities, theHotel Indigo Mountain View North Coast, will offer views of the Mediterranean Sea as well as high-end retail and dining once doors open in July 2024. The hotel will feature 100 design-led rooms, a spa, health club, pool and 165 sqm of meetings and events space.

A quintessential city hotel, the 200-keyHotel Indigo Mountain View iCity New Cairowill cater to a business clientele with its location in the Fifth Settlement. In proximity to the American University and overlooking a 15km corniche, the hotel will offer a haven for business travelers to dine, relax and take in one of Cairos most dynamic enclaves on opening in January 2026.

Hotel Indigo Mountain View iCity 6th of October City,set to open in January 2028, will be an urban escape in the Giza Governorate, 32 km outside the city of Cairo. Located within a major residential and business district, the hotel will offer 200 immaculately designed rooms as well as an array oflocally inspiredexperiences through its FB, retail and entertainment options.

A short drive from the buzz of Cairo,Hotel Indigo Mountain View Ain El Sokhna,offers the best of both worlds with its setting amidst mountains and sandy beaches. A haven for trekking, fishing, diving and skating, thenew propertywill offer hotel guests a tranquil atmosphere in addition to 150 rooms, meetings and events space and FB options, starting January 2028.

Established in 2004,Hotel Indigo now has a presence in more than 20 countries with over 120 hotels, and over 100 hotels in the pipeline.Across India, Middle East and Africa, IHG opened Hotel Indigo Dubai Downtown - its first Hotel Indigo in the region last year and has a growing pipeline for the brand including properties inSaudi Arabia, Qatar and Oman.

**Numbers as ofMarch 31st, 2021


About IHG Hotels Resorts

IHG Hotels Resorts [LON:IHG, NYSE:IHG (ADRs)] is a global hospitality company, with a purpose to provide True Hospitality for Good.

With a family of 16 hotel brands and IHG Rewards, one of the worlds largest hotel loyalty programmes, IHG has nearly 6,000 open hotels in more than 100 countries, and a further 1,800 due to open over the next five years.

InterContinental Hotels Group PLC is the Groups holding company and is incorporated in Great Britain and registered in England and Wales. Approximately 350,000 people work across IHGs hotels and corporate offices globally.

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About Mountain View

Founded in 2005, Mountain View embraced its journey with the sole purpose of revolutionizing the industry by adopting a unique strategy that stands on Happiness Innovation in accordance with international standards.

Over the past 15 years, the company has renewed its promises and confirmed its continuous dedication in delivering 15 distinctive projects led by a team of thought leaders and qualified experts.

Mountain View owns a substantial portfolio of land bank, amounting to 2,227 acres, divided into 3 main districts. West Cairo, represented in "iCity", "Chill Out Park" and "Mountain View Giza Plateau" projects located in 6th of October, and East Cairo projects, reflected in "iCity", "Mountain View 1", "Mountain View 2""Mountain View Hyde Park" and "Mountain View Executive Residence". In addition to the costal projects, overlooking the Red Sea and the Mediterranean; "Mountain View Sokhna" project 1 and 2, and "Mountain View Ras ElHekma" in North Coast.