NEW YORK HOTEL BUSINESS. has learned Hostmark Hospitality Group will build a 340-room resort in Egypt at Sharm El Sheikh and the Red Sea in the Western Sinai.
Hostmark CEO Bud Cataldo and his brother Robert, president/COO of the Schaumberg, IL-based management company are heading to Egypt next week to visit the site. Hostmark already has a regional office in Cairo.
It sounds remote and it is, said Bud Cataldo of the location
The property, which will be known as the Hostmark Oriental Resort, is Hostmark s foray into the region. The Cataldos are working on the project with the Sabbour Family, headed by chairman Hussein Sabbour. (4/12/01) Stefani C. O Connor