The Corinthia Hotel will be a 5-star beachfront property in Montazah, Sharm El Sheikh. The property, set to open late next year, will offer 220 deluxe suites, along with independent restaurants, a clubhouse, a fully serviced beach operation and an outdoor pool.

The Tiran Island Hotel will be a 600-key, 4-star property offering a broad selection of luxury hotel rooms, residential suites and self-catering suites ideal for family occupation. Scheduled to open in early 2009, The Tiran will offer a range of restaurants and bars, a spa, outdoor pools and conference and meeting facilities.