RE
Egypt real estate brief
Accor, El Barlasy Developments and Ban Holding partner through iBrand to launch New Mansoura’s first five-star Mövenpick hotel
An RE brief based on a story published by Property Plus on 11 November 2026.
Read the full story at the sourceThe story in brief
Accor is partnering with El Barlasy Developments and BANN Holding, through iBrand, to launch the Delta region’s first 5-star Mövenpick hotel at SANA Towers in New Mansoura. The project will combine residential, commercial and hotel uses, while BANN Holding will provide technical and operational support and oversee preparations for the hotel’s opening.
Why it matters for brokers
iBrand said its study found a gap in hotel supply relative to the investment and tourism potential of New Mansoura and the surrounding area. SANA Towers adds a Mövenpick-branded hotel alongside residential and commercial uses.
RE's reading of the story. It is not part of the original report and not investment advice.