{"id":604529,"date":"2018-12-05T04:23:00","date_gmt":"2018-12-05T04:23:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/"},"modified":"2018-12-05T04:23:00","modified_gmt":"2018-12-05T04:23:00","slug":"albatross-holding-to-build-two-new-hotels-at-red-sea-destinations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/","title":{"rendered":"Albatross Holding to build two new Hotels at Red Sea destinations"},"content":{"rendered":"<p>Albatross Holding plans to break ground on two new hotels in Soma Bay and Hurghada early next year, and open their doors as early as the following year, <a href=\"https:\/\/alborsaanews.com\/2018\/12\/04\/1158035\">Chairman Kamel Abu Ali said<\/a>. The company is in talks with local banks for loans to cover 30% of the projects\u2019 financing, and will self-finance the remaining costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Albatross Holding plans to break ground on two new hotels in Soma Bay and Hurghada early next year, and open their doors as early as the following year, Chairman Kamel Abu Ali said. The company is in talks with local banks for loans to cover 30% of the projects\u2019 financing, and will self-finance the remaining [&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":[2406,130,72,505,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-604529","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-2406","tag-construction","tag-enterpriseam","tag-hurghada","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"7bb8691e-60d6-44d9-a13d-fa37489635c4","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Albatross Holding to build two new Hotels at Red Sea destinations","related_issue":[604497],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/11\/.c77ac7df-eb35-439b-a635-3fad4cc7d8fe.mp3"},"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>Albatross Holding to build two new Hotels at Red Sea destinations - 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\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Albatross Holding to build two new Hotels at Red Sea destinations\" \/>\n<meta property=\"og:description\" content=\"Albatross Holding plans to break ground on two new hotels in Soma Bay and Hurghada early next year, and open their doors as early as the following year, Chairman Kamel Abu Ali said. The company is in talks with local banks for loans to cover 30% of the projects\u2019 financing, and will self-finance the remaining [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-05T04:23:00+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\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Albatross Holding to build two new Hotels at Red Sea destinations\",\"datePublished\":\"2018-12-05T04:23:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/\"},\"wordCount\":66,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"2019\",\"construction\",\"EnterpriseAM\",\"Hurghada\",\"tourism\"],\"articleSection\":[\"Tourism\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/\",\"name\":\"Albatross Holding to build two new Hotels at Red Sea destinations - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-12-05T04:23:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Albatross Holding to build two new Hotels at Red Sea destinations\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Albatross Holding to build two new Hotels at Red Sea destinations - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/","og_locale":"en_US","og_type":"article","og_title":"Albatross Holding to build two new Hotels at Red Sea destinations","og_description":"Albatross Holding plans to break ground on two new hotels in Soma Bay and Hurghada early next year, and open their doors as early as the following year, Chairman Kamel Abu Ali said. The company is in talks with local banks for loans to cover 30% of the projects\u2019 financing, and will self-finance the remaining [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2018-12-05T04:23:00+00:00","author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Albatross Holding to build two new Hotels at Red Sea destinations","datePublished":"2018-12-05T04:23:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/"},"wordCount":66,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"keywords":["2019","construction","EnterpriseAM","Hurghada","tourism"],"articleSection":["Tourism"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/","url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/","name":"Albatross Holding to build two new Hotels at Red Sea destinations - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"datePublished":"2018-12-05T04:23:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/albatross-holding-to-build-two-new-hotels-at-red-sea-destinations\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Albatross Holding to build two new Hotels at Red Sea destinations"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":null,"featured_image_src_square":null,"author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":598146,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/egypts-albatros-germanys-phoenix-to-build-new-egp-850-mn-hurghada-hotel\/","url_meta":{"origin":604529,"position":0},"title":"Egypt\u2019s Albatros, Germany\u2019s Phoenix to build new EGP 850 mn Hurghada hotel","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"Albatross Holding\u2019s hotel management arm Pick Albatros has partnered with Germany-based travel agency Phoenix Reisen to build a five-star hotel in Hurghada at a cost of EGP 850 mn, company head Kamel Abu Ali told Al Mal. The 350-room hotel, \u201cBlue Spa Resort Hurghada,\u201d is set for inauguration during 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":573486,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/06\/jaz-group-to-inaugurate-hurghada-soma-bay-hotels-in-september\/","url_meta":{"origin":604529,"position":1},"title":"Jaz Group to inaugurate Hurghada, Soma Bay hotels in September","author":"enterpriseam admin","date":"6 August 2020","format":false,"excerpt":"Jaz Hotel Group will open two new hotels this September, one in Hurghada and the other in Soma Bay, at a combined cost of EGP 1.4 bn, Jaz Hotel Group Egypt CEO Alaa Akel told Hapi Journal. The company is planning to inaugurate two more hotels in early 2021 in\u2026","rel":"","context":"In &quot;Real Estate + Housing&quot;","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598145,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/jaz-to-inaugurate-three-new-hotels-in-egypts-hurghada-marsa-alam-this-summer\/","url_meta":{"origin":604529,"position":2},"title":"Jaz to inaugurate three new hotels in Egypt\u2019s Hurghada, Marsa Alam this summer","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"Travco hospitality arm Jaz Hotel Group will inaugurate this summer two new hotels in Hurghada and a third in Marsa Alam at a cost of EGP 1 mn, Chairman Alaa Akel tells Al Mal. The hotels have a combined total of 700 rooms. Jaz is pushing ahead with plans to\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":574480,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/10\/abu-dhabi-touristic-investment-co-to-develop-modernize-its-hotels-in-egypt\/","url_meta":{"origin":604529,"position":3},"title":"Abu Dhabi Touristic Investment Co. to develop, modernize its hotels in Egypt","author":"enterpriseam admin","date":"10 September 2020","format":false,"excerpt":"The Abu Dhabi Touristic Investment Company (ADTIC) is planning to use the current covid-induced low occupancy period to revamp and modernize its hotels in Egypt, Chairman Mohammed Saif Al Suwaidi said, according to Emirates news agency WAM. Al Suwaidi didn\u2019t disclose how much the company would invest or provide a\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":567769,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/07\/hotels-nationwide-to-see-a-rebound-in-visitors-in-2021\/","url_meta":{"origin":604529,"position":4},"title":"Hotels nationwide to see a rebound in visitors in 2021","author":"enterpriseam admin","date":"7 December 2020","format":false,"excerpt":"Hotels across Egypt are set to see a rebound in visitors in 2021 as the effects of the global pandemic begin to ease and international travel increases, according to figures published in a new Colliers report. The Red Sea resort towns of Hurghada and Sharm El Sheikh will see 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\/2020\/12\/113.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":565510,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/13\/take-your-pick-of-54-new-hotels-in-egypt\/","url_meta":{"origin":604529,"position":5},"title":"Take your pick of 54 new hotels in Egypt","author":"enterpriseam admin","date":"13 April 2021","format":false,"excerpt":"We currently have 54 new hotels in development across Egypt, which will add a combined 16k new rooms by 2023, according to Top Hotels News\u2019 database. The busy hotel development pipeline is concentrated mostly in Cairo, Sharm El Sheikh, and Hurghada. Cairo has 12 hotels currently under development, while 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\/2021\/4\/406.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=604529"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/604529\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/604497"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=604529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=604529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=604529"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=604529"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=604529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}