Hyatt has pulled out of the Grand Hyatt Cairo
due to what it says are “unresolved contractual disputes with the
hotel’s owner”. The hotel owner is the Saudi Egyptian Touristic
Development Company.
“It is unfortunate that the contractual disputes
have not been resolved, forcing us to exit this property, but this
does not diminish how important Egypt is and will remain to the
Hyatt brand,” said Gebhard Rainer, managing director, Hyatt
International (Europe Africa Middle East) LLC. “We will continue
to operate two Hyatt hotels in Egypt, and are interested in
pursuing new development opportunities there.”
Due to the termination, Hyatt is now no longer involved in the
management of the hotel and the owner can no longer use the Hyatt
brand.
Hyatt began managing Grand Hyatt Cairo in August
2003. Hyatt currently provides management services for two Hyatt
Regency hotels in the Red Sea resorts of Sharm El Sheikh and Taba
Heights, both of which are owned by entities unassociated with the
Grand Hyatt Cairo and are not affected by this action.
Guests who have made reservations at Grand Hyatt
Cairo through hyatt.com or the Hyatt reservation center should
contact the hotel directly to confirm their booking.
Hyatt Gold Passport members will no longer be
able to receive points or redeem points for stays at the hotel.
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