Hotel101 Global Holdings Corp. (NASDAQ Ticker: HBNB) (“Hotel101” or “Hotel101 Global”), a leading asset-light, prop-tech hospitality platform pioneering a globally standardized “condotel” business model, listed on the Nasdaq Stock Exchange and a subsidiary of Philippine-listed DoubleDragon Corporation (PSE Ticker: DD), has announced the signing of definitive binding agreements for a country-wide development agreement to expand Hotel101 in Egypt, beginning with the development of an approximately 750-room Hotel101 in Cairo.
The expansion represents a significant milestone in the company’s global growth strategy, bringing its innovative, globally standardized condotel business model to one of the Middle East and Africa’s most dynamic capital cities and a major gateway for cultural tourism.
The hotel is planned for a prime site in Hay Al Ashgar along Ahmed Zewail Road in 6th of October City, Giza. Its strategic location is expected to provide convenient access through major arterial roads, including El Wahat Road and the Cairo Ring Road, connecting guests to Sphinx International Airport and the wider Greater Cairo road network. The area has rapidly developed into one of West Cairo’s key growth districts, distinguished by modern infrastructure, improving transport links, and a strong mix of residential, commercial, and tourism developments. It also falls within the broader catchment area of the Giza Pyramids and the Grand Egyptian Museum.
Key Location Advantages:
- Prime Ahmed Zewail Road Position: Situated along Ahmed Zewail Road, the property will have direct access to El Wahat Road and connections to the Cairo Ring Road. Upon completion, guests are expected to benefit from convenient road connectivity and proximity to Sphinx International Airport, catering to both domestic and international travelers.
- Proximity to Major Attractions: Located within the West Cairo corridor serving the Giza Pyramids and the Grand Egyptian Museum, the site is expected to benefit from a combination of modern urban development and cultural tourism demand. Its location is also expected to provide convenient access to major attractions, residential communities, and commercial amenities throughout Greater Cairo.
Hotel101-Cairo West is expected to generate a total project value of approximately 5.465 billion Egyptian pounds (US$102.09 million), with completion targeted for 2029. The development forms part of Hotel101 Global’s broader international expansion strategy.
Hotel101-Cairo West is expected to offer four-star amenities at affordable prices, including a ballroom, extensive meeting facilities, and a conference center designed to accommodate business events.
In line with Hotel101’s standardized offerings across its international locations, guests are expected to enjoy modern rooms, 24/7 reception services, all-day dining, swimming pools, a full-size gym, a business center, a children’s playground, ample parking, luggage storage, and other amenities.
The development remains subject to customary governmental, regulatory, corporate, and other approvals.
