HOTAC to accept tender offers for Shepheard Hotel in July

The Holding Company for Tourism and Hotels (HOTAC) aims to begin accepting tender offers from companies hoping to renovate Shepheard Hotel in July after it amended the booklet of conditions, Chairman Mervat Hataba said. The government has reversed a decision to set up a JV to develop the hotel and decided instead to contract a multinational company to do the job, Hataba said. Four companies have already expressed interest to take part in the bid, she added without naming them.