{"id":623865,"date":"2024-06-12T00:00:00","date_gmt":"2024-06-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/12\/sodic-to-build-egypts-first-tribute-portfolio-hotels-under-an-agreement-with-marriott\/"},"modified":"2024-06-12T00:00:00","modified_gmt":"2024-06-12T00:00:00","slug":"sodic-to-build-egypts-first-tribute-portfolio-hotels-under-an-agreement-with-marriott","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/06\/12\/sodic-to-build-egypts-first-tribute-portfolio-hotels-under-an-agreement-with-marriott\/","title":{"rendered":"SODIC to build Egypt\u2019s first Tribute Portfolio hotels under an agreement with Marriott"},"content":{"rendered":"

Egypt is set to welcome its first <\/strong>Tribute Portfolio<\/a><\/strong> hotels, <\/strong>after SODIC signed an agreement with the brand owner Marriott International to build two hotels in Sheikh Zayed and the North Coast, according to a statement (pdf)<\/a>.<\/p>\n

The hotels:<\/strong> A 170-key hotel, slated for launch in 2027, will be established at Forty West<\/a>, a residential building complex in SODIC\u2019s mixed-use development SODIC West in Sheikh Zayed. The other hotel will open two years later in 2029 in SODIC\u2019s North Coast development June<\/a> and have 180 rooms.<\/p>\n

Remember:<\/strong> The government wants to see the private sector build at least 200k new hotel rooms to back its plan of attracting as many as 30 mn tourists a year<\/a> by 2028. To support this, the government has reportedly agreed to launch an initiative<\/a> offering subsidized loans to local and foreign hospitality players that are looking to set up more hotel rooms across the country.<\/p>\n","protected":false},"excerpt":{"rendered":"

The West Cairo hotel is slated to launch in 2027, followed by the Ras El Hekma hotel in 2029<\/p>\n","protected":false},"author":1,"featured_media":623866,"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":[72,955,8644,7388,312],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-623865","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-enterpriseam","tag-hospitality","tag-marriott","tag-ras-el-hekma","tag-sodic","wpautop","entry"],"acf":{"mongo_id":"b7f63894-d061-4351-a2b4-681884095bea","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/6\/1068.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SODIC to build Egypt\u2019s first Tribute Portfolio hotels in West Cairo, Ras El Hekma under an agreement with Marriott","related_issue":[623858],"teaser":"The West Cairo hotel is slated to launch in 2027, followed by the Ras El Hekma hotel in 2029","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/6\/.c08ff8c8-f565-43e8-b71f-0830b4674417.mp3"},"yoast_head":"\nSODIC to build Egypt\u2019s first Tribute Portfolio hotels under an agreement with Marriott - 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\/2024\/06\/12\/sodic-to-build-egypts-first-tribute-portfolio-hotels-under-an-agreement-with-marriott\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SODIC to build Egypt\u2019s first Tribute Portfolio hotels 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PLUS: Scatec meets Sisi, Apache wants more blocks, IHG to open 2 hotels in Sheikh Zayed","author":"enterpriseam admin","date":"16 May 2023","format":false,"excerpt":"The real estate firm has made a downpayment for the land and is finalizing negotiations with NUCA","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\/2023\/5\/878.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":602270,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/24\/sodic-signs-purchase-agreement-for-500-acre-plot-in-egypts-sheikh-zayed\/","url_meta":{"origin":623865,"position":3},"title":"SODIC signs purchase agreement for 500-acre plot in Egypt\u2019s Sheikh Zayed","author":"enterpriseam admin","date":"24 March 2019","format":false,"excerpt":"SODIC lands 500-acre plot in Egypt\u2019s Sheikh Zayed: SODIC signed on Thursday a EGP 15.3 bn purchase agreement with the New Urban Communities Authority (NUCA) for a 500-acre plot in Sheikh Zayed, the real estate developer said in a statement (pdf). SODIC is paying NUCA EGP 2,470 per sqm in\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":624764,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/18\/sodic-awarded-500-acre-plot-in-west-cairo\/","url_meta":{"origin":623865,"position":4},"title":"SODIC awarded 500-acre plot in West Cairo","author":"enterpriseam admin","date":"18 September 2018","format":false,"excerpt":"SODIC announced yesterday that it was awarded am EGP 14.2 bn 500-acre plot in Sheikh Zayed, enough to develop as many as 5k residential units, according to a company statement (pdf). SODIC is paying the New and Urban Communities Authority (NUCA) EGP 2.2k per sqm in installments over 11 years.\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":622023,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/11\/25\/constec-inks-egp-430-mn-agreement-with-sodic\/","url_meta":{"origin":623865,"position":5},"title":"CONSTEC inks EGP 430 mn agreement with SODIC","author":"enterpriseam admin","date":"25 November 2018","format":false,"excerpt":"Construction and Design (CONSTEC) was awarded contracts worth EGP 430 mn for construction works on SODIC\u2019s projects in the North Coast and New Cairo, which includes SODIC\u2019s Caesar compound in the North Coast, CONSTEC General Manager Ashraf Abdel Hakam told Al Masry Al Youm.","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/623865","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=623865"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/623865\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/623858"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/623866"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=623865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=623865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=623865"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=623865"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=623865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}