Louis Vuitton to develop hotels in Oman and Egypt

10 April 2010

French luxury goods giant LVMH Moet Hennessy Louis Vuitton has announced plans for two exclusive hotels in Egypt and Oman, Bloomberg has reported. Under the Cheval Blanc brand, the $100m project will be developed in collaboration with Orascom Hotels and Development, with Orascom providing $40m and the rest coming from other investors and banks. The Maison Cheval Blanc in Oman is on the 11 square-kilometre island of Al Sodah and includes 32 private villas, while the development in Egypt is on the private island of Amoun in Aswan and will include about 40 suites overlooking the Nile, LVMH said.

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