{"id":604411,"date":"2018-12-03T04:10:21","date_gmt":"2018-12-03T04:10:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/jaz-spending-egp-4-bn-in-eight-new-hotels-in-egypts-resort-towns\/"},"modified":"2018-12-03T04:10:21","modified_gmt":"2018-12-03T04:10:21","slug":"jaz-spending-egp-4-bn-in-eight-new-hotels-in-egypts-resort-towns","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/jaz-spending-egp-4-bn-in-eight-new-hotels-in-egypts-resort-towns\/","title":{"rendered":"Jaz spending EGP 4 bn in eight new hotels in Egypt\u2019s resort towns"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <b>INVESTMENT WATCH- Travco subsidiary to invest EGP 4 bn in new Egypt hotels: <\/b>Travco subsidiary Jaz Hotel Group is investing EGP 4 bn in eight new hotelsin Marsa Alam and Hurghada, Jaz CEO Alaa Akel <a href=\"https:\/\/www.almalnews.com\/Story\/401103\/15\/%D8%B9%D9%84%D8%A7%D8%A1-%D8%B9%D8%A7%D9%82%D9%84-%D8%B1%D8%A6%D9%8A%D8%B3-%C2%AB%D8%AC%D8%A7%D8%B2%C2%BB-%D8%A7%D9%84%D8%AA%D8%A7%D8%A8%D8%B9%D8%A9-%D9%84%D9%80%C2%AB%D8%AA%D8%B1%D8%A7%D9%81%D9%83%D9%88-%C2%BB4-%D9%85%D9%84%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AC%D9%86%D9%8A\">tells Al Mal<\/a>. Construction of the hotels is underway and should wrap up in 1H2019. The company is also planning to develop another eight hotels in the next five years in Marsa Alam, said Akel without revealing how much the company has earmarked for that phase of growth. The investment drive was prompted by the recovery of the tourism market in the past year, he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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. Construction of the hotels is underway and should wrap up in 1H2019. The company is also planning [&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":[8572],"tags":[72,955,125,2380,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604411","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-hospitality","tag-investment-watch","tag-speed-round","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"7b813631-c068-472b-b957-f3a705629033","order":"0","is_powered_by":true,"section_story_id":"a2d1b0a1-513f-40d0-8484-af6cecd07bce","story_type":"1","photo_url":"","photo_position":"above","related_issue":[604400],"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>Jaz spending EGP 4 bn in eight new hotels in Egypt\u2019s resort towns - 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\/2018\/12\/03\/jaz-spending-egp-4-bn-in-eight-new-hotels-in-egypts-resort-towns\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Jaz spending EGP 4 bn in eight new hotels in Egypt\u2019s resort towns\" \/>\n<meta property=\"og:description\" content=\"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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