Latest news with #GauravBhushan
Zawya
2 days ago
- Business
- Zawya
Majid Al Futtaim, Ennismore announce plans for Egypt's first 25hours Hotel
Egypt - Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, has announced a new strategic partnership with Ennismore, the fastest-growing lifestyle hospitality company. The collaboration will launch Egypt's first 25hours Hotel at Junction, Majid Al Futtaim's upcoming business and lifestyle destination in West Cairo. The new addition marks the debut of the 25hours brand in the Egyptian market, reinforcing Junction's position as a dynamic hub for hospitality, business, and culture. Bringing a playful, design-led approach to hospitality, 25hours will inject fresh creative energy into West Cairo. Known for its eclectic interiors, strong sense of place, and immersive storytelling, the brand's arrival signals a bold reimagining of how hotels contribute to urban culture. Gaurav Bhushan, Chief Executive Officer for Ennismore, said: 'Ennismore is honoured to be partnering with Majid Al Futtaim to bring 25hours to Egypt for the first time, especially within a lifestyle destination like Junction. Each 25hours Hotel is inspired by the rich culture and history of its location, and we look forward to creating a strong sense of storytelling through design and community spaces through our restaurants and bars for our guests.' 'At Majid Al Futtaim, we believe in creating destinations that truly reflect the needs and aspirations of today's customers. The arrival of 25hours at Junction marks an exciting moment in our refounding journey and continues our longstanding legacy of introducing bold, innovative concepts to the communities we serve.' said Ahmed El Shamy, Chief Executive Officer, Majid Al Futtaim Properties. 'This partnership also marks a significant step in our vision to create destinations that are both commercially vibrant and culturally meaningful, while further reinforcing our long-term commitment to building integrated, future-ready environments that drive economic growth and foster innovation.' Situated in the heart of Junction, the hotel will feature approximately 250 keys, comprising both hotel rooms and 25hours Heimat branded residences. Designed to reflect the 25hours ethos, the property will offer guests a more immersive connection to the brand's distinctive lifestyle experience. Guests and residents will have access to three distinctive dining venues, coworking areas, spa and wellness facilities, and flexible spaces for meetings and events. Innovatively transcending conventional residential norms, 25hours Heimat offers an unparalleled living experience, complete with a range of unconventional amenities accessed through an on-site concierge and Accor's Ownership Benefits Programme. Founded in Germany and now part of Ennismore, a global collective of lifestyle brands, 25hours continues to grow and expand, boasting a reputation for creative, experience-driven stays that are rooted in the identity of each location. Bringing together premium business and lifestyle offerings, Junction spans more than 129,000 sq m across two interconnected plots. The development includes 13 cutting-edge office buildings, curated retail and F&B experiences, and sustainable infrastructure designed to meet LEED Gold certification standards. With 97,000 sqm of flexible, state-of-the-art workspace, Junction is purpose-built for modern business and future-ready enterprises. First introduced in April 2025, Junction is a key part of Majid Al Futtaim's development strategy in Egypt. The destination is designed to foster productivity, creativity, and community through its modern infrastructure, walkable layout, and curated public spaces. With sustainability as a core principle, Junction aims to achieve LEED Gold certification. Blending commercial and lifestyle elements, Junction is redefining the way people work, collaborate, and engage with the city. The arrival of 25hours will add a new layer of vibrancy to Junction, helping shape it into a landmark destination for business, culture, and modern enterprise. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Tourism Breaking News
2 days ago
- Business
- Tourism Breaking News
Majid Al Futtaim and Ennismore announce plans for Egypt's first 25hours Hotel
Post Views: 60 Majid Al Futtaim announced a new strategic partnership with Ennismore to launch Egypt's first 25hours Hotel at Junction, Majid Al Futtaim's upcoming business and lifestyle destination in West Cairo. The new addition marks the debut of the 25hours brand in the Egyptian market, reinforcing Junction's position as a dynamic hub for hospitality, business, and culture. Bringing a playful, design-led approach to hospitality, 25hours will inject fresh creative energy into West Cairo. Known for its eclectic interiors, strong sense of place, and immersive storytelling, the brand's arrival signals a bold reimagining of how hotels contribute to urban culture. Gaurav Bhushan, Chief Executive Officer for Ennismore, said, 'Ennismore is honoured to be partnering with Majid Al Futtaim to bring 25hours to Egypt for the first time, especially within a lifestyle destination like Junction. Each 25hours Hotel is inspired by the rich culture and history of its location, and we look forward to creating a strong sense of storytelling through design and community spaces through our restaurants and bars for our guests.' 'At Majid Al Futtaim, we believe in creating destinations that truly reflect the needs and aspirations of today's customers. The arrival of 25hours at Junction marks an exciting moment in our refounding journey and continues our longstanding legacy of introducing bold, innovative concepts to the communities we serve.' said Ahmed El Shamy, Chief Executive Officer, Majid Al Futtaim Properties. 'This partnership also marks a significant step in our vision to create destinations that are both commercially vibrant and culturally meaningful, while further reinforcing our long-term commitment to building integrated, future-ready environments that drive economic growth and foster innovation.' Situated in the heart of Junction, the hotel will feature approximately 250 keys, comprising both hotel rooms and 25hours Heimat branded residences. Designed to reflect the 25hours ethos, the property will offer guests a more immersive connection to the brand's distinctive lifestyle experience. Guests and residents will have access to three distinctive dining venues, coworking areas, spa and wellness facilities, and flexible spaces for meetings and events. Innovatively transcending conventional residential norms, 25hours Heimat offers an unparalleled living experience, complete with a range of unconventional amenities accessed through an on-site concierge and Accor's Ownership Benefits Programme. Founded in Germany and now part of Ennismore, a global collective of lifestyle brands, 25hours continues to grow and expand, boasting a reputation for creative, experience-driven stays that are rooted in the identity of each location. Bringing together premium business and lifestyle offerings, Junction spans more than 129,000 sqm across two interconnected plots. The development includes 13 cutting-edge office buildings, curated retail and F&B experiences, and sustainable infrastructure designed to meet LEED Gold certification standards. With 97,000 sqm of flexible, state-of-the-art workspace, Junction is purpose-built for modern business and future-ready enterprises. First introduced in April 2025, Junction is a key part of Majid Al Futtaim's development strategy in Egypt. The destination is designed to foster productivity, creativity, and community through its modern infrastructure, walkable layout, and curated public spaces. With sustainability as a core principle, Junction aims to achieve LEED Gold certification. Blending commercial and lifestyle elements, Junction is redefining the way people work, collaborate, and engage with the city. The arrival of 25hours will add a new layer of vibrancy to Junction, helping shape it into a landmark destination for business, culture, and modern enterprise.
Trade Arabia
3 days ago
- Business
- Trade Arabia
Majid Al Futtaim, Ennismore announce plans for Egypt's first 25hours Hotel
Majid Al Futtaim, a leading shopping mall, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia, has announced a new strategic partnership with Ennismore, the fastest-growing lifestyle hospitality company. The collaboration will launch Egypt's first 25hours Hotel at Junction, Majid Al Futtaim's upcoming business and lifestyle destination in West Cairo. The new addition marks the debut of the 25hours brand in the Egyptian market, reinforcing Junction's position as a dynamic hub for hospitality, business, and culture. Bringing a playful, design-led approach to hospitality, 25hours will inject fresh creative energy into West Cairo. Known for its eclectic interiors, strong sense of place, and immersive storytelling, the brand's arrival signals a bold reimagining of how hotels contribute to urban culture. Gaurav Bhushan, Chief Executive Officer for Ennismore, said: 'Ennismore is honoured to be partnering with Majid Al Futtaim to bring 25hours to Egypt for the first time, especially within a lifestyle destination like Junction. Each 25hours Hotel is inspired by the rich culture and history of its location, and we look forward to creating a strong sense of storytelling through design and community spaces through our restaurants and bars for our guests.' 'At Majid Al Futtaim, we believe in creating destinations that truly reflect the needs and aspirations of today's customers. The arrival of 25hours at Junction marks an exciting moment in our refounding journey and continues our longstanding legacy of introducing bold, innovative concepts to the communities we serve.' said Ahmed El Shamy, Chief Executive Officer, Majid Al Futtaim Properties. 'This partnership also marks a significant step in our vision to create destinations that are both commercially vibrant and culturally meaningful, while further reinforcing our long-term commitment to building integrated, future-ready environments that drive economic growth and foster innovation.' Situated in the heart of Junction, the hotel will feature approximately 250 keys, comprising both hotel rooms and 25hours Heimat branded residences. Designed to reflect the 25hours ethos, the property will offer guests a more immersive connection to the brand's distinctive lifestyle experience. Guests and residents will have access to three distinctive dining venues, coworking areas, spa and wellness facilities, and flexible spaces for meetings and events. Innovatively transcending conventional residential norms, 25hours Heimat offers an unparalleled living experience, complete with a range of unconventional amenities accessed through an on-site concierge and Accor's Ownership Benefits Programme. Founded in Germany and now part of Ennismore, a global collective of lifestyle brands, 25hours continues to grow and expand, boasting a reputation for creative, experience-driven stays that are rooted in the identity of each location. Bringing together premium business and lifestyle offerings, Junction spans more than 129,000 sq m across two interconnected plots. The development includes 13 cutting-edge office buildings, curated retail and F&B experiences, and sustainable infrastructure designed to meet LEED Gold certification standards. With 97,000 sqm of flexible, state-of-the-art workspace, Junction is purpose-built for modern business and future-ready enterprises. First introduced in April 2025, Junction is a key part of Majid Al Futtaim's development strategy in Egypt. The destination is designed to foster productivity, creativity, and community through its modern infrastructure, walkable layout, and curated public spaces.
Mint
20-05-2025
- Business
- Mint
Luxury Boom: Accor expands in India as rising prosperity fuels hotel demand
Accor is expanding its footprint in India, positioning itself to capitalize on a post-pandemic boom in the hospitality sector where domestic travellers are increasingly willing to splurge on high-end experiences. 'India's hospitality industry is at an inflection point. The market is changing and also continuing to grow post the pandemic and we want to be at the forefront of this opportunity," Gaurav Bhushan, global CEO of Accor's lifestyle and leisure brands and co-CEO of its Ennismore Hotels, who is visiting India this week, told Mint. As the market is expanding, the French hospitality giant has also seen a sharp acceleration in its luxury portfolio, with primarily domestic travellers now driving demand. 'When we first began to develop our top luxury brands in India, such as Fairmont and Raffles, 7-8 years ago, we expected at least half of the demand to come from international travellers. Also Read: Gen Z wants more than cricket from sports entertainment, looks for engagement Today, however, that has shifted dramatically with 80 to 90% of the demand now coming from domestic travellers. That tells you how the market is growing. Indians are willing to pay for top quality luxury hotels," Bhushan said. "Today the domestic demand lies everywhere - from economy to ultra-luxury travel, and travellers are looking for experiences," he added. Last month, it opened a 440-room Fairmont Hotel in Mumbai. He said that the increase in hotel prices across the industry reflects the growing ability of the consumers to pay for higher-quality hotels. "There are so many boutique hotel concepts coming up in India and many of them are charging anything between ₹20,00-40,000 a night and travellers are willing to pay for these," added Bhushan. The company's revenue in the India market has been "consistently growing at double digits" for the past two years. With around 40 brands in its global portfolio, he said Accor's intent is 'to become the most extensive global hospitality company in India" over the next decade or so. Today, the country is a top 5-6 market for the company globally and Bhushan said the country is likely to become a top-3 market around the world in the next decade. In the next five years, by 2030, India's organised hotel industry is expected to grow from 200,000 branded hotel rooms to about 300,000. Also Read: Tour plans to Turkey, Azerbaijan off the table as Indians mark their protest Accor, whose most popular brand in India is Novotel, is one of the few companies to have invested in the country's hotel market. Along with InterGlobe Aviation, it invested in creating an entity back in 2004, Interglobe Hotels which was designed to develop budget hotels under the Ibis brands. This was a significant development as most international hotel management companies, with a few exceptions, that are present in the country generally only come in as operators of hotels and don't tend to invest money. 'India is now on top of the global priority for us. We have a tried and tested, incredibly great relationship with InterGlobe, now's the time to put it all together and put this on turbo charge. IndiGo, too, has changed substantially as an airline in the last two decades," Bhushan said. The two have an investment split of 60:40 in real estate and 70:30 in operations, with a larger chunk of the investment coming from Accor. The other hotel company that has invested in India is Hyatt Hotels Corporation's owners into India's Juniper Hotels. Mint reported last month that Marriott International is also set to invest in domestic player Concept Hospitality. Also read: Marriott International set to invest in Concept Hospitality, marking a shift in strategy Newer brands coming in In future, it will also bring its Ennismore lifestyle brands and restaurant concepts to India as part of this push. This is a global lifestyle hospitality company that Accor acquired in 2021. 'This brand and group of hotels also has restaurants and those concepts too will be brought here," he said. In the same complex as the Fairmont Mumbai, Accor also plans to open its Morgan Originals property with about 110 rooms, which comes under the Ennismore portfolio. Next, it will add brands like Mama Shelter and Hoxton, which are both lifestyle hotel brands from around the world. As part of its expansion in the budget and mid-market space, Accor and InterGlobe are forming a new entity, which will be chaired by Bhushan, in partnership with Treebo. While the company itself will continue to focus on developing large-format hotels in primary tier I markets, Treebo will help scale smaller franchised hotels under Mercure and Ibis brands in tier 2 and 3 cities. 'We will focus on large assets in primary locations. While Treebo has the bandwidth and expertise to go for smaller hotels in tier 2, tier 3 markets. So, it's very complementary," Bhushan said. Accor currently operates 72 hotels in India, including 30 with InterGlobe, with a total of 13,000 rooms. It has 40 more in the development pipeline. Ennismore, too, will be part of the new InterGlobe Accor venture. To be sure, all its brands in India will be managed by the joint venture.
Time of India
20-05-2025
- Business
- Time of India
Accor and InterGlobe appoint Gaurav Bhushan as Chairman of their joint hospitality entity in India
Accor , a global hospitality group, and InterGlobe , India's foremost travel conglomerate said Tuesday they have appointed Gaurav Bhushan as chairman of their newly formed hospitality enterprise in India. The companies said as co-CEO of Ennismore , CEO of lifestyle and leisure brands and a member of the executive committee at Accor, Gaurav Bhushan brings more than 30 years of strategic leadership and global experience in the hospitality industry. An Accor veteran, he previously served as global chief development officer at Accor, overseeing the expansion of the Group's portfolio from 12 to over 45 brands, and spearheading more than 500 hotel signings annually. "India's hospitality sector is entering a transformative phase, and this new platform is perfectly positioned to capture its full potential," said Bhushan. "I'm honoured to chair this ambitious venture and work alongside exceptional partners and teams at both Accor and InterGlobe to deliver meaningful growth and innovation for the Indian traveler," he added. The companies said the new entity brings together the development, operations, and management platforms of Accor and InterGlobe in India, and will serve as the 'exclusive growth engine' for Accor's brands across the country. Economic Times WhatsApp channel )
