Radisson Hotel Group has signed an agreement to acquire six new hotels across Egypt, the company announced on Friday. The international company will add hotels in Heliopolis, New Cairo, Golf City, Ain Sokhna, and Hurghada to its portfolio, making it one of the largest hoteliers operating in Egypt. The properties will open at varying times between 3Q2019 and 4Q2021, the company said.
More from Enterprise
Banks set for acquisition rush as CBE scraps 40% ownership cap for financial companies
The CBE will by extension see its oversight of these…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Egypt looks to restart privatization push with five new EGX filings
Egypt is looking to temporarily list 20 state-owned companies this…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…