Travco and Albatros to open two hotels in Marsa Alam in 2018

Travco Travel Company of Egypt and PickAlbatros Group are planning to open two hotels in Marsa Alam next year with total investments of USD 154 mn,company heads told Al Shorouk. Travco plans to open a USD 120 mn 300-room hotel, Albatros hopes to launch its 480-room hotel it invested USD 34 mn in. Travco also has a USD 57 mn hotel in the pipeline which it plans to open in Sheikh Zayed City in 2019.