{"id":570327,"date":"2020-03-26T04:11:50","date_gmt":"2020-03-26T04:11:50","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/26\/travco-halts-construction-on-4-hotels-until-flights-resume\/"},"modified":"2020-03-26T04:11:50","modified_gmt":"2020-03-26T04:11:50","slug":"travco-halts-construction-on-4-hotels-until-flights-resume","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/26\/travco-halts-construction-on-4-hotels-until-flights-resume\/","title":{"rendered":"Travco halts construction on 4 hotels until flights resume"},"content":{"rendered":"

Travco has suspended construction on four hotels until the government allows flights to resume, the local press reports<\/a> citing unnamed company sources who did not provide details on their locations. The company has invested EGP 2.5 bn into the hotels, 40% of which was financed by the company\u2019s capital and the rest via loans, the sources said, adding that 85% of the construction has been completed.<\/p>\n","protected":false},"excerpt":{"rendered":"

Travco has suspended construction on four hotels until the government allows flights to resume, the local press reports citing unnamed company sources who did not provide details on their locations. The company has invested EGP 2.5 bn into the hotels, 40% of which was financed by the company\u2019s capital and the rest via loans, the […]<\/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":[72,238,4867],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-570327","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-enterpriseam","tag-tourism","tag-travco","wpautop","entry"],"acf":{"mongo_id":"057a9312-a162-4e7f-856f-44a6f380527e","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[570303],"teaser":"","voice_url":""},"yoast_head":"\nTravco halts construction on 4 hotels until flights resume - 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\/26\/travco-halts-construction-on-4-hotels-until-flights-resume\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Travco halts construction on 4 hotels until flights resume\" \/>\n<meta property=\"og:description\" content=\"Travco has suspended construction on four hotels until the government allows flights to resume, the local press reports citing unnamed company sources who did not provide details on their locations. 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Travco plans to open a USD 120 mn 300-room hotel, Albatros hopes to launch its 480-room hotel it invested USD\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":653159,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/30\/travco-investing-egp-3-bn-between-2017-18\/","url_meta":{"origin":570327,"position":2},"title":"Travco investing EGP 3 bn between 2017-18","author":"enterpriseam admin","date":"30 January 2017","format":false,"excerpt":"Travco plans to invest EGP 3 bn between 2017-18, Chairman Hamed El Chiaty told Al Borsa. The company aims to expand with resorts and hotels in Marsa Alam, Hurghada, and Cairo, as well as attract 750k tourists during 2017, he added.","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604411,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/jaz-spending-egp-4-bn-in-eight-new-hotels-in-egypts-resort-towns\/","url_meta":{"origin":570327,"position":3},"title":"Jaz spending EGP 4 bn in eight new hotels in Egypt\u2019s resort towns","author":"enterpriseam admin","date":"3 December 2018","format":false,"excerpt":"INVESTMENT WATCH- Travco subsidiary to invest EGP 4 bn in new Egypt hotels: Travco subsidiary Jaz Hotel Group is investing EGP 4 bn in eight new hotelsin Marsa Alam and Hurghada, Jaz CEO Alaa Akel tells Al Mal. 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