Capital Elite Developments celebrated the launch of Wyndham Residences Cairo West in a prime location next to the Grand Egyptian Museum (GEM), as part of a strategic partnership with Wyndham Hotels & Resorts, one of the world’s largest hotel brands, present in 95 countries and managing over 9,000 hotels with nearly 800,000 rooms.
Eng. Mostafa Mansour, Chairman of Capital Elite Developments, stated that the launch of Wyndham Residences Cairo West responds directly to the ongoing shifts in the Egyptian real estate market and the rising demand for hospitality-oriented and investment-focused properties, particularly in locations connected to major cultural and tourist destinations.
Mansour said that selecting west Cairo, particularly the area around the GEM, aligns with the company’s strategy of investing in high-potential regions with long-term growth prospects, added that the project is set to capitalize on the anticipated surge in tourism, boosting its investment appeal and ensuring steady demand.
He explained that the project spans 25,110 sqm and includes a diverse range of residential hotel units, including cabanas, studios, suites, and royal suites, with sizes ranging from 69 to 188 sqm. The project is slated for completion in 2029, with total investments estimated at EGP 13bn.
Mansour highlighted that the company provides flexible payment options, including a 5% down payment followed by 5% after three months and the balance over nine years, or alternatively, a 10% down payment with payment plan spread over ten years.
The Capital Elite’s chairman disclosed that the project goes beyond offering luxury serviced residences, providing a comprehensive range of facilities, including a business center, health and spa amenities, swimming pools, restaurants, office spaces, meeting rooms, and parking areas, ensuring a fully integrated living experience in line with international standards set by Wyndham Hotels & Resorts.
Mansour also noted that the partnership with Wyndham Hotels & Resorts is a key element of Capital Elite’s strategy, leveraging the brand’s global operational expertise and international presence, which enhances investor confidence and boosts the market value of Wyndham Residences Cairo West.
He explained that the project aligns with the government’s efforts to increase hotel room capacity, attract foreign investment, and maximize returns from major tourism projects, particularly in areas of archaeological and historical significance.
He concluded that the project is not just a hotel development but also a comprehensive investment model, reflecting Capital Elite’s vision of developing sustainable real estate assets capable of generating long-term returns and contributing to strengthening Egypt’s position as a global tourism and investment destination.
