Hotels & Resorts News
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Egypt has largest hotel pipeline in Africa with 109 hotels in development
New report said there was 9% YoY growth in hotel pipelines in both North and sub-Saharan Africa.
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Tahrir Complex will be one of the most luxurious hotels in Egypt
The historical character of the building, especially its facades, will be preserved as it's registered in National Organization for Urban Harmony.
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German Steigenberger Hotels AG signs contract to manage hotels at South Sinai’s Great Transfiguration site
The German company will be in charge of the management of hotels and tourist resorts located on the lands owned by Misr Sinai Tourism Company.
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Emirati businessman Khalaf al-Habtoor renews desire to invest in Egypt’s Regal Heights Hotel
The announcement of the historic investment initiative constitutes a great incentive for a large number of businessmen to invest in Egypt.
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Hurghada among best global tourist destinations for 2024: TripAdvisor
The city has witnessed significant improvements recently, making it a prime destination for European tourists in particular.
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Abu Dhabi wealth fund ADQ signs deal for stake in Egypt luxury hotels
Under the deal, a special purpose vehicle owned by ADQ and its unit ADNEC, with respective 49% and 51% holdings.
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2,600 new hotel rooms in downtown Cairo
Mugamma Al-Tahrir building is set for a transformation into a luxury hotel through a $200 million investment by a US consortium.
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Abu Dhabi government-backed hotel group plans USD 170 mn investment in three Egyptian hotels
The Egypt-focussed Abu Dhabi Tourism Investment Company (ADTIC) that is 84% owned by the government of Abu Dhabi’s Abu Dhabi Fund for Development.
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Travco subsidiary Jaz Hotel Group acquires 2 hotels near the Pyramids
ravco subsidiary Jaz Hotel Group has acquired two hotels near the Pyramids and six cruise ships for a total of EGP 3.5 bn.
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Ritz-Carlton plans a second hotel in Egypt
Marriott International has entered an agreement with Palm Hills Developments for the launch of the Ritz-Carlton Cairo, Palm Hills.
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Egypt unveils EGP 50bn initiative to drive tourism growth, hotel construction
Every 15,000 additional rooms is estimated to generate EGP 1-2bn in value-added tax and EGP 2bn in commercial and industrial profit tax.
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Hilton hatches hotel for Egypt’s New Administrative Capital
Taking shape in the new city’s Central Business District on the eastern outskirts of Cairo, Hilton Cairo New Capital Tower is to open in Q1 2026.
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Egypt keen to help Accor expand activities here
Prime Minister Mostafa Madbouly has voiced hope that Accor Group would expand its hotel activities in Egypt.
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Hilton Announces Debut In Cairo’s New Administrative Capital
Located in the heart of the NAC’s masterplan, Hilton Cairo New Capital Tower is ideally located in the Central Business District.
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Egypt's sovereign fund to complete historic hotels sale by year-end
The hotels, among Egypt's grandest, are the Cataract in Aswan, the Winter in Luxor, the Mena House in Cairo and the Cecil in Alexandria.
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ADTIC develops a hotel overlooking the Pyramids with investments exceeding $80m
ADTIC is renovating two hotels in Sharm El-Sheikh and Hurghada with investments totaling approximately $81m.
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Saudi Arabia, UAE and Egypt lead $1.9tn hospitality and residential push
Middle East hospitality and residential development boom led by Saudi Arabia, UAE and Egypt.
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TMG partners with Emirati ADNEC to partially acquire several Egyptian state-run hotels
The seven hotels are owned by the Egyptian General Company For Tourism and Hotels (EGOTH).
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Tourism min: Over 25,000 hotel rooms to be ready by end of 2024
Tourism Minister Ahmed Eissa said more than 25,000 hotel rooms will be ready by the end of 2024, noting that over 4,311 new hotel rooms were finalized
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Egypt: Remco’s consolidated losses narrow 49% YoY in 2022
Remco is an Egypt-based company that operates in tourism and entertainment projects development and construction.