{"id":619984,"date":"2024-05-14T00:00:00","date_gmt":"2024-05-14T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/14\/two-new-hotels-in-the-making-with-investments-of-usd-85-mn\/"},"modified":"2024-05-14T00:00:00","modified_gmt":"2024-05-14T00:00:00","slug":"two-new-hotels-in-the-making-with-investments-of-usd-85-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/05\/14\/two-new-hotels-in-the-making-with-investments-of-usd-85-mn\/","title":{"rendered":"Two new hotels in the making with investments of USD 85 mn"},"content":{"rendered":"

Two new Crowne Plaza hotels in the works: <\/strong>Kuwaiti real estate player Urbnlanes Developments<\/a> and the British IHG Hotels & Resorts<\/a> will set up two new hotels in Egypt with combined investments of USD 85 mn, the companies said in a joint statement<\/a>(pdf)<\/a> yesterday. The two hotels, which will operate under IHG\u2019s Crowne Plaza<\/a> brand, are set to open their doors in 2028.<\/p>\n

The hotels:<\/strong> The Crowne Plaza New Cairo \u2014 which will be set up in Urbnlanes\u2019 mixed-use development Yellow Residence<\/a> \u2014 will house 180 rooms, a restaurant, club lounge, and five meeting rooms along with an events hall and banquet facilities. Meanwhile, the Crowne Plaza Levels Tower will be located in the new capital, housing 110 rooms tailored for business travelers. It will also offer three upscale restaurants and five meeting rooms.<\/p>\n

In line with <\/strong>our ambitious tourism goals: <\/strong>The government wants to see the private sector build at least 200k new hotel rooms as part of its plan to attract as many as 30 mn tourists a year<\/a> by 2028. To help reach its goal, the government is looking into an initiative<\/a> offering subsidized loans to local and foreign hospitality players looking to set up more hotel rooms across the country. <\/p>\n

IHG is no stranger to the Egyptian market: <\/strong>IHG currently operates seven hotels<\/a> in Egypt under four brands: InterContinental, Crowne Plaza, Holiday Inn, and Staybridge Suites. IHG is also working with Arabella Group<\/a> to set up<\/a> three new hotels in Cairo and the North Coast that are slated to open by 2026 and has plans to open up two new hotels<\/a> in Sheikh Zayed by 2028. <\/p>\n

Neither is Urbnlanes: <\/strong>Founded in 2021, Urbnlanes Developments is a subsidiary of Kuwaiti Emeel<\/a>Abdallah Investments<\/a>. It has completed over five administrative, residential, and commercial projects in New Cairo and the new capital with investments of c. EGP 46 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"

The two Crowne Plaza hotels are set to open in 2028<\/p>\n","protected":false},"author":1,"featured_media":619985,"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":[1],"tags":[72,955,7408,125],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-619984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-enterpriseam","tag-hospitality","tag-intercontinental-hotels-group","tag-investment-watch","wpautop","entry"],"acf":{"mongo_id":"1200b025-d00a-402d-9fef-91067e1280c4","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/952.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Urbnlanes Developments, IHG Hotels & Resorts to set up two hotels in Egypt","related_issue":[619977],"teaser":"The two Crowne Plaza hotels are set to open in 2028","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.f7dc20bf-0bdb-46f6-ba6c-89c414a54e2b.mp3"},"yoast_head":"\nTwo new hotels in the making with investments of USD 85 mn - 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Scheduled to open in 2021, the 187-room new build will form part of Phase II of Arkan Plaza. IHG currently has 2,169 rooms\u2026","rel":"","context":"In "Real Estate + Housing"","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":591979,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/intercontinental-hotels-group-to-add-new-properties-in-egypt\/","url_meta":{"origin":619984,"position":1},"title":"Intercontinental Hotels Group to add new properties in Egypt","author":"enterpriseam admin","date":"23 December 2019","format":false,"excerpt":"INVESTMENT WATCH- Intercontinental Hotels Group to add new properties in Egypt: UK-based Intercontinental Hotels Group (IHG) \u2014 which owns the Crowne Plaza, Intercontinental, and Holiday Inn brands \u2014 is planning to add new hotels in Sharm El Sheikh, Hurghada, and the new administrative capital, IHG\u2019s vice president for the Middle\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":586724,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/16\/sodic-to-acquire-180-acres-to-expand-north-coast-caesar-project-plus-scatec-meets-sisi-apache-wants-more-blocks-ihg-to-open-2-hotels-in-sheikh-zayed\/","url_meta":{"origin":619984,"position":2},"title":"SODIC to acquire 180 acres to expand North Coast Caesar project. 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In an interview with Cairo Weekend\u2019s Zeina Soufan, Managing Director for the Middle East and Africa at IHG Hotels & Resorts Haitham Mattar said (watch, runtime: 8:49) the group is capitalizing on the boom in Egypt\u2019s hospitality market \u2014 supported by major infrastructure projects \u2014 to\u2026","rel":"","context":"In "LAST NIGHT\u2019S TALK SHOWS"","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/9\/1519.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":672508,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/09\/25\/ihg-hotels-jadeer-to-set-up-120-key-hotel-in-new-cairo\/","url_meta":{"origin":619984,"position":4},"title":"IHG Hotels, Jadeer to set up 120-key hotel in New Cairo","author":"enterpriseam admin","date":"25 September 2025","format":false,"excerpt":"PLUS- CPC Industrial Development Company will build a new 1.2 mn sqm industrial zone in Sadat City","rel":"","context":"In "Also on our Radar"","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\/2025\/9\/1519.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":601511,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/03\/egoth-to-sign-egp-85-mn-contract-to-develop-historic-hotel-next-month\/","url_meta":{"origin":619984,"position":5},"title":"EGOTH to sign EGP 85 mn contract to develop historic hotel next month","author":"enterpriseam admin","date":"3 March 2019","format":false,"excerpt":"The state-owned General Company for Tourism and Hotels (EGOTH) will sign an EGP 85 mn contract with Plaza Inn next month to develop the Cosmopolitan Hotel, a subsidiary of the Three Corners Hotels and Resorts, Chairman Sherif El Bandari told Masrawy. The 3-star hotel in Bab Al Louq was built\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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/619984","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=619984"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/619984\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/619977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/619985"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=619984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=619984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=619984"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=619984"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=619984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}