Mangroovy for Hotels and Orascom Development Egypt (ODE) have signed a land sale agreement worth EGP 104.8m for 40,654.5sqm of land in El Gouna. The agreement will see the extension of the Mangroovy Residence project that is currently delivering its first phase.
The land plot will encompass different types of services to serve residences and guests, making it an integral part of the overall development that boasts a beachfront residence in El Gouna.
DoubleTree by Hilton Mangroovy El Gouna is expected to open its doors as part of Mangroovy Residence’s ambitious masterplan for the destination.
The DoubleTree development will act as the focal point of the Mangroovy Residence compound, containing residential units facing onto the famous Mangroovy beach, alongside water sports facilities, multiple swimming pools and a club house. This will come in addition to a number of restaurants located on the beachfront and in the resort.