{"id":605039,"date":"2018-12-19T04:17:38","date_gmt":"2018-12-19T04:17:38","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/egypt-calls-off-tender-for-51-stake-in-shepheard-hotel\/"},"modified":"2018-12-19T04:17:38","modified_gmt":"2018-12-19T04:17:38","slug":"egypt-calls-off-tender-for-51-stake-in-shepheard-hotel","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/egypt-calls-off-tender-for-51-stake-in-shepheard-hotel\/","title":{"rendered":"Egypt calls off tender for 51% stake in Shepheard Hotel"},"content":{"rendered":"<p>State-owned Egyptian General Company for Tourism and Hotels (EGOTH) has called off<a href=\"https:\/\/enterprise.press\/stories\/2018\/11\/05\/3-companies-qualify-in-tender-to-redevelop-downtown-cairos-shepheard-hotel\/\">a tender<\/a> to sell a 51% stake in the iconic Shepheard Hotel in Downtown Cairo, Chairperson Mervat Hataba said, <a href=\"https:\/\/www.almalnews.com\/Story\/403469\/15\/%D8%A5%D9%84%D8%BA%D8%A7%D8%A1-%D8%B7%D8%B1%D8%AD-%D9%81%D9%86%D8%AF%D9%82-%C2%AB%D8%B4%D8%A8%D8%B1%D8%AF%C2%BB\">according to Al Mal<\/a>. The company received two offers from potential partners, one from India\u2019s Tata subsidiary <a href=\"https:\/\/www.tajhotels.com\/?gclid=EAIaIQobChMI7LydmeKp3wIVVOJ3Ch3ekgAKEAAYASAAEgIE5vD_BwE&gclsrc=aw.ds\">Taj Hotels<\/a> and another from local construction firm Samcrete, but neither was able to meet the tender requirements. EGOTH was aiming to <a href=\"https:\/\/enterprise.press\/stories\/2018\/09\/27\/egoth-invites-investors-to-participate-in-jv-to-develop-shepheard-hotel\/\">form a JV with the private sector<\/a> to develop the hotel at an estimated cost of USD 130 mn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned Egyptian General Company for Tourism and Hotels (EGOTH) has called offa tender to sell a 51% stake in the iconic Shepheard Hotel in Downtown Cairo, Chairperson Mervat Hataba said, according to Al Mal. The company received two offers from potential partners, one from India\u2019s Tata subsidiary Taj Hotels and another from local construction firm [&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":[130,3211,72,955,10928,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-605039","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-construction","tag-egyptian-general-company-for-tourism-and-hotels","tag-enterpriseam","tag-hospitality","tag-tata","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"f03c9e58-80b6-4a3c-8eff-173ebce86a74","order":"0","is_powered_by":true,"section_story_id":"9482a494-90d7-44a4-aa81-68a37a475bda","story_type":"1","photo_url":"","photo_position":"above","related_issue":[605006],"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>Egypt calls off tender for 51% stake in Shepheard Hotel - 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\/19\/egypt-calls-off-tender-for-51-stake-in-shepheard-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt calls off tender for 51% stake in Shepheard Hotel\" \/>\n<meta property=\"og:description\" content=\"State-owned Egyptian General Company for Tourism and Hotels (EGOTH) has called offa tender to sell a 51% stake in the iconic Shepheard Hotel in Downtown Cairo, Chairperson Mervat Hataba said, according to Al Mal. The company received two offers from potential partners, one from India\u2019s Tata subsidiary Taj Hotels and another from local construction firm [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/egypt-calls-off-tender-for-51-stake-in-shepheard-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-12-19T04:17:38+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\/19\/egypt-calls-off-tender-for-51-stake-in-shepheard-hotel\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/egypt-calls-off-tender-for-51-stake-in-shepheard-hotel\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt calls off tender for 51% stake in Shepheard Hotel\",\"datePublished\":\"2018-12-19T04:17:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/egypt-calls-off-tender-for-51-stake-in-shepheard-hotel\/\"},\"wordCount\":96,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"construction\",\"Egyptian General Company for Tourism and Hotels\",\"EnterpriseAM\",\"hospitality\",\"Tata\",\"tourism\"],\"articleSection\":[\"Tourism\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/egypt-calls-off-tender-for-51-stake-in-shepheard-hotel\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/12\/19\/egypt-calls-off-tender-for-51-stake-in-shepheard-hotel\/\",\"name\":\"Egypt calls off tender for 51% stake in Shepheard Hotel - 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The state-owned Egyptian General Company\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":621761,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egoth-to-sell-51-stake-in-grand-continental-hotel\/","url_meta":{"origin":605039,"position":2},"title":"EGOTH to sell 51% stake in Grand Continental Hotel","author":"enterpriseam admin","date":"18 November 2018","format":false,"excerpt":"The state-owned Egyptian General Company for Tourism and Hotels (EGOTH) plans to sell a 51% stake in the Grand Continental hotel project, EGOTH Chairperson Mervat Hataba tells Al Mal. EGOTH plans to form a JV with the private sector to manage the site of the hotel \u2014 one of downtown\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\/5\/15.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":622982,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/17\/seven-bidders-eye-downtowns-storied-shepheard-hotel\/","url_meta":{"origin":605039,"position":3},"title":"Seven bidders eye Downtown\u2019s storied Shepheard Hotel","author":"enterpriseam admin","date":"17 October 2018","format":false,"excerpt":"Seven unnamed Egyptian and international bidders are interested acquiring a 51% stake in a joint venture with the state-owned Egyptian General Company for Tourism and Hotels (EGOTH) to redevelop Downtown Cairo\u2019s storied Shepheard Hotel, EGOTH head Mervat Hataba said, according to a report in Al Mal. EGOTH invited last month\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":625141,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/27\/egoth-invites-investors-to-participate-in-jv-to-develop-shepheard-hotel\/","url_meta":{"origin":605039,"position":4},"title":"EGOTH invites investors to participate in JV to develop Shepheard Hotel","author":"enterpriseam admin","date":"27 September 2018","format":false,"excerpt":"The Egyptian General Company for Tourism and Hotels (EGOTH) has invited hotel developers and investors to participate in a joint venture to develop the Shepheard Hotel in downtown Cairo, according to EGOTH head Mervat Hataba. EGOTH is offering investors a 51% share of the JV, and will accept investor offers\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":569885,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/10\/egoth-saudis-al-sharif-group-sign-egp-1-4-bn-agreement-to-refurbish-shepheard-hotel\/","url_meta":{"origin":605039,"position":5},"title":"EGOTH, Saudi\u2019s Al Sharif Group sign EGP 1.4 bn agreement to refurbish Shepheard Hotel","author":"enterpriseam admin","date":"10 March 2020","format":false,"excerpt":"The Egyptian General Company for Tourism and Hotels (EGOTH) has signed a EGP 1.4 bn 35-year contract with Saudi Arabia\u2019s Al Sharif Group to refurbish downtown\u2019s long dormant Shepheard Hotel, the cabinet said in a statement. 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