{"id":621761,"date":"2018-11-18T04:16:57","date_gmt":"2018-11-18T04:16:57","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egoth-to-sell-51-stake-in-grand-continental-hotel\/"},"modified":"2018-11-18T04:16:57","modified_gmt":"2018-11-18T04:16:57","slug":"egoth-to-sell-51-stake-in-grand-continental-hotel","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egoth-to-sell-51-stake-in-grand-continental-hotel\/","title":{"rendered":"EGOTH to sell 51% stake in Grand Continental Hotel"},"content":{"rendered":"

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<\/a>. EGOTH plans to form a JV with the private sector to manage the site of the hotel \u2014 one of downtown Cairo\u2019s historic grand hotels, whose demolition was ordered in February. A tender to the private sector in a manner similar to the Shepheard Hotel<\/a> will be held, she added. The government plans to build a new hotel at the site of the original, while maintaining similar periodic architectural design. The demolition order was met with opposition<\/a>, due to it being considered a landmark in downtown Cairo.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 Cairo\u2019s historic grand hotels, whose […]<\/p>\n","protected":false},"author":1,"featured_media":621762,"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":[3211,72,955,125,7128,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-621761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tourism","tag-egyptian-general-company-for-tourism-and-hotels","tag-enterpriseam","tag-hospitality","tag-investment-watch","tag-ma-watch","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"0d45d88f-358c-453f-a3f2-ccf6a85efebd","order":"0","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2020\/5\/15.jpg","photo_position":"above","full_issue_title":"EGOTH to sell 51% stake in Grand Continental Hotel","related_issue":[621730],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.a2e1028e-4d76-440c-bcd5-0f4ca67f88fd.mp3"},"yoast_head":"\nEGOTH to sell 51% stake in Grand Continental 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\/11\/18\/egoth-to-sell-51-stake-in-grand-continental-hotel\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EGOTH to sell 51% stake in Grand Continental Hotel\" \/>\n<meta property=\"og:description\" content=\"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 Cairo\u2019s historic grand hotels, whose […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egoth-to-sell-51-stake-in-grand-continental-hotel\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-11-18T04:16:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/15.jpg?fit=%2C&ssl=1\" \/>\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\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egoth-to-sell-51-stake-in-grand-continental-hotel\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egoth-to-sell-51-stake-in-grand-continental-hotel\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EGOTH to sell 51% stake in Grand Continental Hotel\",\"datePublished\":\"2018-11-18T04:16:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egoth-to-sell-51-stake-in-grand-continental-hotel\/\"},\"wordCount\":123,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egoth-to-sell-51-stake-in-grand-continental-hotel\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/5\/15.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Egyptian General Company for Tourism and Hotels\",\"EnterpriseAM\",\"hospitality\",\"investment watch\",\"M&A Watch\",\"tourism\"],\"articleSection\":[\"Tourism\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egoth-to-sell-51-stake-in-grand-continental-hotel\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/11\/18\/egoth-to-sell-51-stake-in-grand-continental-hotel\/\",\"name\":\"EGOTH to sell 51% stake in Grand Continental Hotel - 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The company received two offers from potential partners, one from India\u2019s Tata subsidiary Taj Hotels and\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":[]},{"id":573691,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/national-bank-of-egypt-in-loan-talks-with-egoth-hotac-to-finance-hotel-renovations\/","url_meta":{"origin":621761,"position":1},"title":"National Bank of Egypt in loan talks with EGOTH, HOTAC to finance hotel renovations","author":"enterpriseam admin","date":"13 August 2020","format":false,"excerpt":"The Egyptian General Company for Tourism and Hotels (EGOTH) is in talks with the National Bank of Egypt (NBE) for a EGP 400 mn loan to finance renovations of the Sofitel Winter Palace Hotel in Luxor, according to the local press. EGOTH \u2014 which is a subsidiary of The Holding\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","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":621761,"position":2},"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. 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EGOTH is offering investors a 51% share of the JV, and will accept investor offers\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":[]},{"id":634720,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/22\/egoth-reviews-two-offers-for-continental-downtown-development\/","url_meta":{"origin":621761,"position":5},"title":"EGOTH reviews two offers for Continental Downtown development","author":"enterpriseam admin","date":"22 January 2018","format":false,"excerpt":"The Egyptian General Company for Tourism and Hotels (EGOTH) is reviewing two offers from foreign and local companies for the renovation and developmentof the Continental Hotel in downtown Cairo, company head Mirvat Hataba tells Al Borsa. 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