Hospitality company Accor signed a renovation and management contract for the Promenade beach resort in Sharm El Sheikh, according to the local press. The resort will be rebranded as Pullman Hotel and Resorts, a subsidiary of Accor, in 2021. The renovations will be completed by January 2023. Accor Hotels has been planning to open more than 30 hotelsin Egypt over the next two years as the country’s tourism industry recovers.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…