The $7-million project included a full transformation of all guestrooms, the hotel’s restaurant and all public spaces.

Upon completion in 2018, the historic Hotel Paso Del Norte will operate as a Marriott Autograph Collection Hotel.

The group's plans include the relaunch of Hotel Russel as Principal London.

Hilton expects to expand its footprint in the UK by around 25 percent.

Howard Group will develop and own the Hyatt Place Sandestin at Grand Boulevard, while Howard Hospitality will manage the property.

Slated to open in the third quarter of 2018, the mixed-use project will include a newly built 357-room Courtyard hotel and a 147-suite Residence Inn.

Hilton will add new hotels to the Egypt stock within seven to 10 years.

With a high gearing ratio, the hotel group could be halting trade to pay off debt.