Hyatt International pulls out of Cairo hotel

Hyatt International has exited the hotel formerly known as the Grand Hyatt Cairo after the termination of the management agreement in late March, according to Trade Arabia news service.
Since then, Hyatt has not in anyway been involved in the management of the hotel and the owner is not permitted to use the Hyatt or Grand Hyatt name or trademarks, a company statement said.
The hotel is operating under the name Grand Nile Tower, according to the statement.
Guests with questions or concerns about the Grand Nile Tower should contact the property owner directly — the Saudi Egyptian Touristic Development Company, the statement added.
Hyatt currently provides management services for two Hyatt Regency hotels in the Red Sea resorts of Sharm El Sheikh and Taba Heights, both of which are owned by entities unassociated with the Saudi Egyptian Touristic Development Company.