Mandarin Oriental will manage the historic Winter Palace in Luxor and the Old Cataract in Aswan following comprehensive renovations, Talaat Moustafa Group (TMG) announced.
The two iconic properties are scheduled to reopen under the Mandarin Oriental brand in 2027. Under the agreement, Mandarin Oriental will take over management of the Old Cataract Aswan in May 2026. Following extensive development, it is expected to reopen as the “Mandarin Oriental Old Cataract Aswan” in July 2027. The Winter Palace Luxor will also undergo a full redevelopment, with its reopening as the “Mandarin Oriental Winter Palace Luxor” also slated for July 2027.
“We are pleased to cooperate with Mandarin Oriental to manage these iconic historic hotels in Luxor and Aswan,” Hisham Talaat Moustafa, CEO of TMG Holding, said in a statement. “These assets represent a fundamental part of the historic hotel portfolio we recently acquired, which has significantly contributed to expanding and enhancing our hospitality ecosystem.”
Moustafa added that the group is working to develop these historic assets into world-class luxury destinations, aiming to strengthen its position as a leading hospitality platform in Egypt by combining Mandarin Oriental’s service standards with TMG’s long-term investment vision and local expertise.
The 2024 acquisition of a historic portfolio comprising seven hotels marked a significant step in diversifying TMG’s hospitality presence across Egypt’s primary tourist destinations, including Cairo, Alexandria, Luxor, Aswan, and Sharm El Sheikh. These assets complement the group’s existing portfolio, which includes Four Seasons hotels in Cairo, Alexandria, and Sharm El Sheikh, as well as the Kempinski Nile Hotel in Cairo.
TMG continues to expand its hospitality sector through several large-scale projects currently under construction. These include the Four Seasons Luxor, Four Seasons Madinaty, a luxury resort in Marsa Alam, and a Four Seasons hotel adjacent to the Grand Egyptian Museum. Upon completion of these projects, the group’s total hotel capacity is expected to rise to approximately 5,000 rooms and suites, up from the current 3,500, enhancing its status in the regional luxury hospitality market and broadening its recurring revenue base.
