{"id":602388,"date":"2019-03-26T03:45:39","date_gmt":"2019-03-26T03:45:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/state-owned-company-affiliates-plan-to-purchase-usd-10-mn-marsa-alam-resort\/"},"modified":"2019-03-26T03:45:39","modified_gmt":"2019-03-26T03:45:39","slug":"state-owned-company-affiliates-plan-to-purchase-usd-10-mn-marsa-alam-resort","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/state-owned-company-affiliates-plan-to-purchase-usd-10-mn-marsa-alam-resort\/","title":{"rendered":"State-owned company, affiliates plan to purchase USD 10 mn Marsa Alam resort"},"content":{"rendered":"<p>State-owned Holding Company For Tourism and two of its subsidiaries are planning to purchase the privately-owned Carnelia Beach Resort in Marsa Alam for USD 10 mn, sources familiar with the matter <u><a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D9%84%D9%84%D8%B3%D9%8A%D8%A7%D8%AD%D8%A9-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%B4%D8%B1%D8%A7%D8%A1-%D9%85%D9%86%D8%AA%D8%AC%D8%B9-%D9%83\/\">told Al Mal<\/a><\/u>. The three companies set up a EGP 100 mn new company for the purchase, in which the holding company owns a 10% stake, and its subsidiaries the Egyptian General Company for Tourism and Hotels (EGOTH) and Misr Hotels own 45% each.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Holding Company For Tourism and two of its subsidiaries are planning to purchase the privately-owned Carnelia Beach Resort in Marsa Alam for USD 10 mn, sources familiar with the matter told Al Mal. The three companies set up a EGP 100 mn new company for the purchase, in which the holding company owns a [&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":[72,2517,7128,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602388","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-enterpriseam","tag-governance","tag-ma-watch","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"e716af39-2da7-4891-9553-23bd293830e7","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602357],"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>State-owned company, affiliates plan to purchase USD 10 mn Marsa Alam resort - 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\/2019\/03\/26\/state-owned-company-affiliates-plan-to-purchase-usd-10-mn-marsa-alam-resort\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"State-owned company, affiliates plan to purchase USD 10 mn Marsa Alam resort\" \/>\n<meta property=\"og:description\" content=\"State-owned Holding Company For Tourism and two of its subsidiaries are planning to purchase the privately-owned Carnelia Beach Resort in Marsa Alam for USD 10 mn, sources familiar with the matter told Al Mal. The three companies set up a EGP 100 mn new company for the purchase, in which the holding company owns a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/state-owned-company-affiliates-plan-to-purchase-usd-10-mn-marsa-alam-resort\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-03-26T03:45:39+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\/2019\/03\/26\/state-owned-company-affiliates-plan-to-purchase-usd-10-mn-marsa-alam-resort\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/state-owned-company-affiliates-plan-to-purchase-usd-10-mn-marsa-alam-resort\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"State-owned company, affiliates plan to purchase USD 10 mn Marsa Alam resort\",\"datePublished\":\"2019-03-26T03:45:39+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/state-owned-company-affiliates-plan-to-purchase-usd-10-mn-marsa-alam-resort\/\"},\"wordCount\":82,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"governance\",\"M&amp;A Watch\",\"tourism\"],\"articleSection\":[\"Tourism\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/state-owned-company-affiliates-plan-to-purchase-usd-10-mn-marsa-alam-resort\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/03\/26\/state-owned-company-affiliates-plan-to-purchase-usd-10-mn-marsa-alam-resort\/\",\"name\":\"State-owned company, affiliates plan to purchase USD 10 mn Marsa Alam resort - 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The property will be operated under the Hilton Hotels & Resorts brand in partnership with Boulevard for\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/1\/452.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":637137,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/11\/08\/travco-and-albatros-to-open-two-hotels-in-marsa-alam-in-2018\/","url_meta":{"origin":602388,"position":3},"title":"Travco and Albatros to open two hotels in Marsa Alam in 2018","author":"enterpriseam admin","date":"8 November 2017","format":false,"excerpt":"Travco Travel Company of Egypt and PickAlbatros Group are planning to open two hotels in Marsa Alam next year with total investments of USD 154 mn,company heads told Al Shorouk. 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 &quot;Tourism&quot;","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":569257,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/02\/18\/saudi-hdg-signs-usd-450-mn-agreement-with-thrawaat-to-manage-swiss-hotel-brand\/","url_meta":{"origin":602388,"position":4},"title":"Saudi HDG signs USD 450 mn agreement with Thrawaat to manage Swiss hotel brand","author":"enterpriseam admin","date":"18 February 2020","format":false,"excerpt":"Egypt\u2019s Thrawaat International Investment Corp has signed a USD 450 mn partnership contract with the Saudi Hospitality Development Group (HDG) to manage Swiss International, its Swiss hotels and resorts brand, Masrawy reports The agreement will see eight hotels in Cairo, Hurghada, Sharm El Sheikh, Marsa Alam, Luxor, Aswan and the\u2026","rel":"","context":"In &quot;Tourism&quot;","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":639181,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/travco-begins-development-of-four-hotels-worth-a-combined-usd-120-mn\/","url_meta":{"origin":602388,"position":5},"title":"Travco begins development of four hotels worth a combined USD 120 mn","author":"enterpriseam admin","date":"23 October 2017","format":false,"excerpt":"Tourism developer Travco has begun construction on four hotels in Marsa Alam, Marsa Matrouh, Safaga, and Hurghada worth a combined USD 120 mn, Travco chief Hamed El Chiaty said, according to Al Borsa. 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