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Egypt: Lazura Developments has signed an agreement with Saqr Investment and fractional investment platform Farida Real Estate Applications Company to launch and operate the Luxor Hotel within the Lazura New Cairo compound.
The serviced apartment project Luxor Hotel will sit within the Lazura New Cairo residential complex. Luxor Hotel is valued at more than EGP1 billion, with delivery targeted within three years.
Through Farida’s digital platform, investors will be able to purchase shares in hotel units. Investors will receive rental income generated by hotel operations.
Lazura Developments wrote on LinkedIn: “…The project reflects Lazura’s commitment to delivering developments defined by thoughtful planning, strategic collaboration, and lasting impact. Luxor Hotel represents another step in expanding our footprint while contributing to Egypt’s growing tourism and hospitality landscape.”
Lazura New Cairo will combine residential units with “integrated services and modern urban planning concepts”. Ramadan El-Seddik, board member of Lazura Developments, described it as “a model for integrating architectural quality, sustainability, and operational efficiency, ensuring long-term investment value and reinforcing customer confidence”.
Highlights:
- Lazura Developments has partnered with Saqr Investment and Farida Real Estate Applications Company to launch the Luxor Hotel within the Lazura New Cairo residential compound.
- The Luxor Hotel serviced apartment project in New Cairo is valued at more than EGP1 billion, with delivery targeted within three years as part of a mixed-use urban residential and hospitality development.
- Farida Real Estate Applications Company will enable digital fractional ownership of hotel units, allowing investors to purchase shares through its platform and receive rental income generated by hospitality operations.
