{"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":605463,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/31\/sovereign-fund-of-egypts-authorized-capital-doubles-to-egp-400-bn-plus-news-from-sodic-avanz-capital\/","url_meta":{"origin":623865,"position":4},"title":"Sovereign Fund of Egypt\u2019s authorized capital doubles to EGP 400 bn. PLUS: News from Sodic, Avanz Capital.","author":"enterpriseam admin","date":"31 August 2023","format":false,"excerpt":"SFE chair Hala El Said said recently that the fund\u2019s authorized capital will reach EGP 1 tn within three years","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\/8\/1502.jpg?fit=%2C&ssl=1&resize=350%2C200","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":5},"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":[]}],"_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}]}}