Albatross Holding’s hotel management arm Pick Albatros has partnered with Germany-based travel agency Phoenix Reisen to build a five-star hotel in Hurghada at a cost of EGP 850 mn, company head Kamel Abu Ali told Al Mal. The 350-room hotel, “Blue Spa Resort Hurghada,” is set for inauguration during the summer in 2020 and will be financed jointly by the partners.

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