The chain will open hotels in Egypt, Kazakhstan, Azerbaijan and the United Arab Emirates as well as a hotel in Turkey this year, rounding out the company's current presence in Turkey, Middle East, North Africa, Commonwealth of Independent States (CIS) and Europe bringing the total number of Rixos hotels to 21.

The biggest of the company's new ventures will be in Egypt, Sharm El Sheikh, where Rixos will open a 700-room hotel on the Red Sea. In the UAE, as previously announced, Rixos Hotels is launching the first all inclusive hotel of a large magnitude, consisting of 627-rooms in Ras al-Khaimah.

Rixos will be opening its first property in Azerbaijan before the end of 2012. Quba is the ancient city from the 15th century will be located on the Quba Mountain. The hotel will have a special architectural design on a spread of 202,000m2. The hotel will consist of 210 rooms and will ber serving a bed and breakfast concept.

Rixos Hotels will be launching their 3rd property in Kazakhstan, Rixos Borovoe Lake, which will be located by the Lake of Borovoe, the popular vacation spot in Kazakhstan.

Rixos' most lucrative operations remain in Turkey, where by the company plans to open Rixos Bomonty Residences in the heart of Istanbul within the next 3 months. Rixos Pera Istanbul, meanwhile, has been booked since it opened its doors in May.

"Since 2000, when Rixos Hotels was first established we have always seen the brand expand hastily through the region and internationally. With the opening of Rixos The Palm Dubai in March 2012 and Rixos Pera Istanbul in May 2012, we truly believe the brand is well on its way to being a leader in the hospitality industry." Said Basak Erel, Senior Vice President Brand