Marquis Property Group

Hurghada, Egypt

The Resort, in Hurghada, will be operated as a 5-Star complex and is being developed on a 510 meter long and 400 meter deep sandy beach on the Red Sea.
It will offer a total of 1067 Rooms,

• One Hotel, with 320 rooms and 26 suites
• 188 apartments with 220 rooms
• 55 Villa's Suites
• 228 Resort Apartments with 448 rooms. Some of these time-share units have already been sold (10 % only) - (after re-designing the project can offer 1360 Rooms).

The Project will also provide:-

• Recreation facilities
• extensive landscapes
• 9 Restaurants; several Cafeterias and Coffee Shops
• Banquet Room
• Night Club
• Discotheque
• 3 Swimming Pools
• Roman Theater
• Sports Complex (Billiards & Bowling)
• Health Club
• Diving Center
• Shopping Center
• Casino
• 1000 seater Convention Center

The resort currently under development, is 12km from the center of Hurghada and 5km from Hurghada International Airport.

The hotel and accommodation blocks are built around a large swimming pool shaped to resemble the Nile around the city of Cairo.
It has plans for a small marina.

As of January 2007, the construction of the resort complex had reached 80% completion. The budgeted cost and time to complete the project as per the cost and time estimates of the Engineering Report requires 10 months to complete.
Once a firm commitment/LOI is issued by a potential investor to buy in totality the resort complex (under construction), the owner company issues an undertaking to redeem and cure all bank obligations outstanding and to pay off all other creditors, in preparation for a cash (the agreed upon sale / purchase price) against share (100% of shares) swap through.
This cash against share swap is to be performed through a trust / custodian bank mutually agreed upon by the two parties (the investor and the owner company).

If you are interested in this investment please drop us an EMAIL or phone on 01992 628864 and we'll get back to you.