{"id":570185,"date":"2020-03-22T04:20:28","date_gmt":"2020-03-22T04:20:28","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/egoth-in-talks-with-banks-for-egp-400-mn-loan-to-renovate-sofitel-winter-palace\/"},"modified":"2020-03-22T04:20:28","modified_gmt":"2020-03-22T04:20:28","slug":"egoth-in-talks-with-banks-for-egp-400-mn-loan-to-renovate-sofitel-winter-palace","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/egoth-in-talks-with-banks-for-egp-400-mn-loan-to-renovate-sofitel-winter-palace\/","title":{"rendered":"EGOTH in talks with banks for EGP 400 mn loan to renovate Sofitel Winter Palace"},"content":{"rendered":"<p>The Egyptian General Company for Tourism and Hotels (EGOTH) is in talks with unnamed local banks for a EGP 400 mn loan to refurbish its Sofitel Winter Palace hotel in Luxor, <a href=\"http:\/\/bit.ly\/3a2qqtE\">EGOTH Chairman Sherif Bendary said<\/a>. The company <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/9fb1c60d-cf1b-4af7-9dc4-91e4a7d0a5f3\">recently signed<\/a> a loan agreement for the same amount with the National Bank of Egypt to renovate the historic palace adjacent to the Marriott Mena House hotel. Both loans will come from the EGP 50 bn set aside by local banks to support the tourism sector under a <a href=\"https:\/\/enterprise.press\/stories\/2019\/12\/16\/cbe-confirms-egp-50-bn-tourism-support-program-8498\/\">recently expanded<\/a> central bank program.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egyptian General Company for Tourism and Hotels (EGOTH) is in talks with unnamed local banks for a EGP 400 mn loan to refurbish its Sofitel Winter Palace hotel in Luxor, EGOTH Chairman Sherif Bendary said. The company recently signed a loan agreement for the same amount with the National Bank of Egypt to renovate [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7377],"tags":[204,7106,72,955,83,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-570185","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-banking","tag-debt","tag-enterpriseam","tag-hospitality","tag-real-estate","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"165e1b0a-1c94-445f-9917-d3c9c2329026","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[570159],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EGOTH in talks with banks for EGP 400 mn loan to renovate Sofitel Winter Palace - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/egoth-in-talks-with-banks-for-egp-400-mn-loan-to-renovate-sofitel-winter-palace\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGOTH in talks with banks for EGP 400 mn loan to renovate Sofitel Winter Palace\" \/>\n<meta property=\"og:description\" content=\"The Egyptian General Company for Tourism and Hotels (EGOTH) is in talks with unnamed local banks for a EGP 400 mn loan to refurbish its Sofitel Winter Palace hotel in Luxor, EGOTH Chairman Sherif Bendary said. The company recently signed a loan agreement for the same amount with the National Bank of Egypt to renovate [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/egoth-in-talks-with-banks-for-egp-400-mn-loan-to-renovate-sofitel-winter-palace\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-22T04:20:28+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/egoth-in-talks-with-banks-for-egp-400-mn-loan-to-renovate-sofitel-winter-palace\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/egoth-in-talks-with-banks-for-egp-400-mn-loan-to-renovate-sofitel-winter-palace\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGOTH in talks with banks for EGP 400 mn loan to renovate Sofitel Winter Palace\",\"datePublished\":\"2020-03-22T04:20:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/egoth-in-talks-with-banks-for-egp-400-mn-loan-to-renovate-sofitel-winter-palace\/\"},\"wordCount\":103,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"banking\",\"debt\",\"EnterpriseAM\",\"hospitality\",\"real estate\",\"tourism\"],\"articleSection\":[\"Tourism\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/egoth-in-talks-with-banks-for-egp-400-mn-loan-to-renovate-sofitel-winter-palace\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2020\/03\/22\/egoth-in-talks-with-banks-for-egp-400-mn-loan-to-renovate-sofitel-winter-palace\/\",\"name\":\"EGOTH in talks with banks for EGP 400 mn loan to renovate Sofitel Winter Palace - 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EGOTH \u2014 which is a subsidiary of The Holding\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":569344,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/20\/egoth-signs-egp-400-mn-loan-agreement-with-nbe-to-renovate-mena-house\/","url_meta":{"origin":570185,"position":1},"title":"EGOTH signs EGP 400 mn loan agreement with NBE to renovate Mena House","author":"enterpriseam admin","date":"20 February 2020","format":false,"excerpt":"The Egyptian General Company for Tourism and Hotels (EGOTH) has signed a EGP 400 mn loan agreement with the National Bank of Egypt to fund the renovation of the historic palace adjacent to the Marriott Mena House hotel, reports Masrawy. The funds will be drawn out from the EGP 50\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577823,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/12\/06\/egx-will-be-biggest-shareholder-in-future-exchanges-benya-borrows-big\/","url_meta":{"origin":570185,"position":2},"title":"EGX will be biggest shareholder in future exchanges + Benya borrows big","author":"enterpriseam admin","date":"6 December 2022","format":false,"excerpt":"CAPITAL MARKETS-The EGX is looking to take a majority stake in the planned futures exchange,EGX boss Ramy El Dokany said at a conference yesterday, according to AlMal. 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