رئيس مجلس الإدارة
سعيد اسماعيل
رئيس التحرير
مروة أبو زاهر

رئيس مجلس الإدارة
سعيد اسماعيل

رئيس التحرير
مروة أبو زاهر

Palm Hills Developments Signs Agreement with Marriott International to develop The St. Regis Palm Hills, Cairo.

Palm Hills announces its agreement with Marriott International to develop The St. Regis Hotel & Residences Palm Hills, Cairo – a new icon of luxury hospitality set to elevate Egypt’s tourism landscape. Located within P/X, Palm Hills’s most elevated residential concept, the hotel is anticipated to include 150 luxury guestrooms, 50 serviced apartments in addition to 150 branded residences crafted to meet the highest international standards.

Palm Hills

 

This strategic collaboration underscores Palm Hills’s commitment to advancing Egypt’s tourism sector and shaping fully integrated, world-class communities. By introducing one of the world’s most prestigious hospitality brands to West Cairo, Palm Hills reinforces its vision to position Egypt as a leading destination for luxury tourism, investment, and exceptional living.

 

The hotel will be situated in the heart of the Palm Hills October at the iconic P/X project with views of The Great Pyramids and at very close proximity to the newly inaugurated Grand Egyptian Museum and just steps away from Palm Hills’ 27-hole golf course designed by Nicklaus Design — the world’s leading golf course designer. Anticipated to open in 2030, the hotel will offer a prime location for visitors seeking both luxury and convenience. The location strengthens West Cairo’s position as a growing tourism hub, offering immediate access to Egypt’s most celebrated landmarks.

 

The hotel plans to feature exceptional dining destinations, a world-class spa, a fully equipped fitness center, multiple pools, a children’s club, and state-of-the-art meeting and event facilities — all designed to deliver the exquisite experiences and uncompromising level of bespoke service that St. Regis is renowned for.

 

The branded residences aim to introduce a new level of contemporary luxury, combining privacy, comfort, and world-class hospitality. Designed for exquisite living, the residences plan to offer exceptional convenience, effortless access to amenities, and bespoke service to elevate the everyday. Residents will enjoy a refined lifestyle enhanced by the signature St. Regis Butler service best-in-class concierge team, and a fully integrated living environment that blends functional elegance with elevated comfort.

 

Yasseen Mansour, Chairman & Group CEO, stated: “Introducing the St. Regis brand to West Cairo reflects Egypt’s strong standing as a key tourism destination and its steady progress on the global stage. With the official opening of the Grand Egyptian Museum and its positive impact on tourism and cultural development, this partnership supports national plans to develop Egypt’s tourism infrastructure. It also improves the level of hospitality by offering integrated hotel experiences that strengthen Egypt’s international position and attract foreign investment that supports the sector’s growth.”

 

“Palm Hills’ strategy focuses on supporting Egypt’s hospitality sector through major investments and by developing a growing portfolio of high-quality projects. We are expanding our hospitality offerings in a sustainable way, with plans to add up to 3,000 hotel rooms in the coming years. This reflects our commitment to building a strong hospitality platform that meets future market needs and contributes to Egypt’s economic development.” Mansour added.

 

Hazem Badran, CO-CEO & Managing Director of Palm Hills, stated: “Extending our relationship with Marriott International reflects Palm Hills’ unwavering commitment to supporting the growth of Egypt’s tourism sector — a vital pillar of national economic development. With the St. Regis brand, we are introducing an international benchmark of luxury to West Cairo, attracting visitors, investment, and global attention, and setting new standards for integrated, tourism-driven development that strengthen Egypt’s position on the regional and global tourism map.”

 

P/X encompasses a full spectrum of experiences, including commercial, hospitality, retail, entertainment, recreational, and wellness offerings, with direct extension into Palm Hills Sports Club October. The project features a range of fully finished units — including villas, townhouses, and apartments — all designed with unobstructed views at the most prestigious address in West Cairo.

Palm Hills Developments delivers 42% revenue growth in 9M2025 to record EGP25.5 billion, net profit after tax stands at EGP3.5 billion a growth of 50% YoY

Palm Hills Developments delivers 42% revenue growth in 9M2025 to record EGP25.5 billion, net profit after tax stands at EGP3.5 billion a growth of 50% YoY o on November 16, 2025 – Palm Hills Developments S.A.E. (“Palm Hills” or “the Company”), a leading real estate developer in Egypt, announces its consolidated financial and operating results for the financial period ended September 30, 2025.

Palm Hills Developments delivers 42% revenue growth in 9M2025 to record EGP25.5 billion, net profit after tax stands at EGP3.5 billion a growth of 50% YoY

 

9M2025 Key Highlights:

New sales amounted to EGP182 billion in 9M2025, up by 40% YoY, driven by solid sales across all regions.

Revenue increased by 42% YoY to record EGP25.5 billion in 9M2025, driven by successful strong new sales, and ongoing recognition of development revenue backlog.

Gross Profit grew by 63% YoY to reach EGP 10.4 billion during the period, implying margin expansion to 41% compared to 36% in 9M2024.

EBITDA expanded 61% to EGP6.6 billion compared to EGP4.1 billion in 9M2024, implying an EBITDA margin of 26% versus 23% a year earlier.

Cash collection from receivables and new sales grew by 40% YoY to EGP26 billion in 9M2025.

Construction spending increased by 71% YoY to record EGP 10.5 billion in 9M2025.

Nine-month net profit before tax and minority up 56% YoY to EGP5.1 billion, while net profit after tax reached EGP3.5 billion, an increase of 50% YoY, with a Net Profit margin of 14% compared to 13% in 9M2024.

As of September 30, 2025, the company’s backlog of units sold and not yet delivered reached EGP225 billion compared to EGP110 billion in 9M2024.

Yasseen Mansour, Executive Chairman, comments: “Palm Hills Developments demonstrated exceptional growth momentum in 2025, maintain its highest-ever figures across all fronts. This impressive performance was largely driven by strong performance across all regions, with a growth in sales of 40% which demonstrates the strength of Palm Hills. Building on sales strength and company’s strong backlog, the company delivered another robust financial performance, with revenues and net profit for the nine-month EGP25.6 billion and EGP3.5 billion, respectively, a year-on-year growth of 42.2% and 50.6%. Palm Hills not only surpassed its full year performance but also reinforced its ability to sustain growth and deliver consistent results.

 

For the remainder of the year and into early 2026, we remain confident in Egypt’s real estate market’s durability and resilience. The company’s strategy focus is directed toward expanding and developing existing portfolio and our newly acquired land in Egypt and UAE, which will further enhance the projects’ portfolio and long-term value”.