S7 will construct new hotel in Egypt
Belonging airline S7 Airlines tour operator S7 Tour will carry out reconstruction of four-star hotel Grand Plaza in Hurgada together with Egyptian accepting company Als Tour. As a result the tour operator will receive the exclusive right on sale of hotel in Russian market.
S7 Tour invested in construction of hotel Grand Plaza Resort (200 room-numbers), which is located on the second sea line near to already existing hotel Grand Plaza (320 room-numbers).
Because of this S7 Tour receives for five years all Russian quota – about a half of room-numbers. The hotel will open in August of this year.
The sum of investments in S7 Airlines is not disclosed. According to hotel business CB Richard Noble Gibbons department manager, construction of such hotel will manage in $20 million.