{"id":621617,"date":"2018-11-13T04:18:20","date_gmt":"2018-11-13T04:18:20","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels\/"},"modified":"2018-11-13T04:18:20","modified_gmt":"2018-11-13T04:18:20","slug":"tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/13\/tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels\/","title":{"rendered":"Tourism Ministry considering three mechanisms in establishing private equity fund to upgrade hotels"},"content":{"rendered":"

The Tourism Ministry is considering three scenarios for the upgrade of Egypt\u2019s hotels and resorts through its planned private equity fund, unnamed sources told Al Mal<\/a>. The scenarios include the fund fully acquiring hotels and developing a plan to increase revenues; partially acquiring hotel shares and using dividends to pay off its debts; and hiring an international management company to take the lead on the process. The move would be part of a comprehensive sector strategy, called \u201cE-Trip,\u201d that would include new legislation<\/a> for the industry, which is set to be officially proposed to the House of Representatives at the end of the month.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Tourism Ministry is considering three scenarios for the upgrade of Egypt\u2019s hotels and resorts through its planned private equity fund, unnamed sources told Al Mal. The scenarios include the fund fully acquiring hotels and developing a plan to increase revenues; partially acquiring hotel shares and using dividends to pay off its debts; and hiring […]<\/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":[7097,104,72,758,238,797],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621617","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-development","tag-economy","tag-enterpriseam","tag-private-equity","tag-tourism","tag-tourism-and-antiquities-ministry","wpautop","entry"],"acf":{"mongo_id":"72c62feb-2e5c-4e48-9e30-612c52718409","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","full_issue_title":"Tourism Ministry considering three mechanisms in establishing private equity fund to upgrade hotels","related_issue":[621586],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.6f7d2b8c-35ba-4e1e-afc2-f6e7959c9b04.mp3"},"yoast_head":"\nTourism Ministry considering three mechanisms in establishing private equity fund to upgrade hotels - 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\/11\/13\/tourism-ministry-considering-three-mechanisms-in-establishing-private-equity-fund-to-upgrade-hotels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tourism Ministry considering three mechanisms in establishing private equity fund to upgrade hotels\" \/>\n<meta property=\"og:description\" content=\"The Tourism Ministry is considering three scenarios for the upgrade of Egypt\u2019s hotels and resorts through its planned private equity fund, unnamed sources told Al Mal. 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