{"id":643928,"date":"2024-09-17T00:00:00","date_gmt":"2024-09-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/"},"modified":"2024-09-17T00:00:00","modified_gmt":"2024-09-17T00:00:00","slug":"local-hospitality-player-pickalbatros-expands-across-morocco","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/","title":{"rendered":"Local hospitality player Pickalbatros expands across Morocco"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends. <\/strong>The day is off to a calmer than usual start as we start counting down to the weekend. <\/p>\n<p class=\"tag-border-left\">THE BIG STORY TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Pickalbatros had a busy year expanding across Morocco: <\/strong>Egypt-based hospitality group Pickalbatros Hotels & Resorts acquired four hotels in Morocco this year, pushing its portfolio in the country to seven hotels and 2.6k rooms, CEO Kamel Abou Aly told <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/travel-and-tourism\/53949\/%D8%A8%D9%8A%D9%83%D8%A7%D9%84%D8%A8%D8%A7%D8%AA%D8%B1%D9%88%D8%B3-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%B3%D8%AA%D8%AD%D9%88%D8%B0-%D8%B9%D9%84%D9%89-4-%D9%81%D9%86%D8%A7%D8%AF%D9%82-%D9%81%D9%8A-%D8%A7%D9%84%D9%85%D8%BA%D8%B1%D8%A8-%D9%87%D8%B0%D8%A7-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> without disclosing the value of the acquisitions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new additions:<\/strong> The new additions to the company\u2019s portfolio include <a target=\"_blank\" href=\"https:\/\/www.agoda.com\/sangho-club-privilege-marrakech\/hotel\/marrakech-ma.html?cid=1844104&ds=FmftlkMrHNzfQNbN\" style=\"\" rel=\"noopener\">Sangho Club<\/a>, <a target=\"_blank\" href=\"https:\/\/www.rotana.com\/rotanahotelandresorts\/morocco\/marrakech\/palmeraiegolfpalacerotana\" style=\"\" rel=\"noopener\">Palmeraie Palace<\/a>, and the <a target=\"_blank\" href=\"https:\/\/www.rotana.com\/rotanahotelandresorts\/morocco\/marrakech\/hoteldugolfrotana\" style=\"\" rel=\"noopener\">Hotel Du Golf<\/a> all of which are in Marrakech as well as <a target=\"_blank\" href=\"https:\/\/palaisdesroses.com\/?lang=en\" style=\"\" rel=\"noopener\">Palais des Roses<\/a> in Agadir. Some of the hotels will undergo renovations and reopen their doors next year, Abou Aly added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Remember:<\/strong> The group <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a7622f25-be17-4682-bff8-f9f2cb278e12\/egypt-based-pickalbatros-hotels-to-invest-usd-140-mn-in-morocco-within-2-years\" style=\"\" rel=\"noopener\">first let us in on its plan to expand<\/a> in Morocco last year, when Abou Aly said the group will invest USD 140 mn through 2025 to increase its hotel capacity. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It\u2019s a mixed bag in the international press this afternoon: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/e43d77be-f533-4791-9d83-ca2ba741e5d5\" style=\"\" rel=\"noopener\">Financial Times<\/a> is out with a report on European Commission President Ursula von der Leyen naming the commission\u2019s new top team for her new five-year term, giving key industrial and economic roles to more interventionist countries like Spain, Italy, and France in a bid to boost the EU's lagging competitiveness. Meanwhile, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-safe-after-new-assassination-attempt-thwarted-florida-golf-course-2024-09-16\/\" style=\"\" rel=\"noopener\">Reuters<\/a> is out with the latest on former President Donald Trump\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e02aa4d2-5b8a-4fc3-b530-cafc8c877ff7\/\" style=\"\" rel=\"noopener\">second assassination<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/e02aa4d2-5b8a-4fc3-b530-cafc8c877ff7\/\" style=\"\" rel=\"noopener\">attempt<\/a> \u2014 the suspect may have been lurking in the bushes for nearly 12 hours at the Republican presidential candidate\u2019s golf course, putting the US Secret Service under <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/09\/16\/us\/politics\/secret-service-scrutiny-trump.html\" style=\"\" rel=\"noopener\">renewed scrutiny<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"http:\/\/finance2024.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1078.jpg?ssl=1\"\/><\/a> <\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** CATCH UP QUICK<\/strong> on the top stories from today\u2019s <strong>EnterpriseAM:<\/strong><\/p>\n<ul>\n<li><strong>A whole lot of Saudi investments incoming: <\/strong>Saudi Crown Prince Mohammed bin Salman announced that he has directed Saudi\u2019s Public Investment Fund to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b037f3f4-3f02-46c6-b156-8e255c10923b\/mohammed-bin-salman-tells-pif-to-pump-usd-5-bn-in-investments-into-egypt-in-first-phase\" style=\"\" rel=\"noopener\">invest USD 5 bn in Egypt<\/a> as part of the \u201cfirst phase\u201d of a larger program of investment.<\/li>\n<li><strong>SMEs are getting a slew of tax incentives as part of new tax reform: <\/strong>A new package of tax incentives for SMEs aimed at helping small businesses grow and easing the administrative burden of monitoring them are <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ac6ccbc9-8a6a-49a0-a183-7d6b35e510b7\/smes-are-getting-a-boost-with-new-targeted-tax-incentives-package\" style=\"\" rel=\"noopener\">soon to be released<\/a> as part of the government\u2019s new tax reform package. <\/li>\n<li><strong>More local real estate players are looking at the Saudi market: <\/strong>Tatweer Misr and Mountain View <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/44d3bb58-4d45-40aa-8114-ac3553330773\/tatweer-misr,-mountain-view-prepare-for-ksa-expansions\" style=\"\" rel=\"noopener\">are working towards<\/a> becoming the latest Egyptian real estate companies to enter the Saudi market.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f TOMORROW\u2019S WEATHER- <\/strong>We expect to see a high of 34\u00b0C in the capital tomorrow and a low of 23\u00b0C, according to our favorite weather app.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends. The day is off to a calmer than usual start as we start counting down to the weekend. THE BIG STORY TODAY- Pickalbatros had a busy year expanding across Morocco: Egypt-based hospitality group Pickalbatros Hotels &#038; Resorts acquired four hotels in Morocco this year, pushing its portfolio in the country to seven [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":643929,"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":[7213],"tags":[633,2475,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-643928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-enterprisepm","tag-pickalbatros","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"9ce03adb-2b26-43a4-9a10-6e29aa2193c4","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/9\/1300.jpg","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[643926],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.4a0a2b78-e6e4-4df6-8aef-4c97ca6e8c08.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Local hospitality player Pickalbatros expands across Morocco - 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\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Local hospitality player Pickalbatros expands across Morocco\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends. The day is off to a calmer than usual start as we start counting down to the weekend. THE BIG STORY TODAY- Pickalbatros had a busy year expanding across Morocco: Egypt-based hospitality group Pickalbatros Hotels &amp; Resorts acquired four hotels in Morocco this year, pushing its portfolio in the country to seven [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-17T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.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=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Local hospitality player Pickalbatros expands across Morocco\",\"datePublished\":\"2024-09-17T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/\"},\"wordCount\":458,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"Pickalbatros\",\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TONIGHT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/\",\"name\":\"Local hospitality player Pickalbatros expands across Morocco - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-09-17T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Local hospitality player Pickalbatros expands across Morocco\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Local hospitality player Pickalbatros expands across Morocco - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/","og_locale":"en_US","og_type":"article","og_title":"Local hospitality player Pickalbatros expands across Morocco","og_description":"Good afternoon, friends. The day is off to a calmer than usual start as we start counting down to the weekend. THE BIG STORY TODAY- Pickalbatros had a busy year expanding across Morocco: Egypt-based hospitality group Pickalbatros Hotels & Resorts acquired four hotels in Morocco this year, pushing its portfolio in the country to seven [&hellip;]","og_url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/","og_site_name":"EnterpriseAM Egypt","article_published_time":"2024-09-17T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Local hospitality player Pickalbatros expands across Morocco","datePublished":"2024-09-17T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/"},"wordCount":458,"publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?fit=%2C&ssl=1","keywords":["EnterprisePM","Pickalbatros","WHAT WE\u2019RE TRACKING TONIGHT"],"articleSection":["WHAT WE\u2019RE TRACKING TONIGHT"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/","url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/","name":"Local hospitality player Pickalbatros expands across Morocco - EnterpriseAM Egypt","isPartOf":{"@id":"https:\/\/enterpriseam.com\/egypt\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?fit=%2C&ssl=1","datePublished":"2024-09-17T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/17\/local-hospitality-player-pickalbatros-expands-across-morocco\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/egypt\/"},{"@type":"ListItem","position":2,"name":"Local hospitality player Pickalbatros expands across Morocco"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/egypt\/#website","url":"https:\/\/enterpriseam.com\/egypt\/","name":"EnterpriseAM","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/egypt\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/egypt\/#organization","name":"EnterpriseAM","url":"https:\/\/enterpriseam.com\/egypt\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/240894.svg","contentUrl":"https:\/\/ent.news\/internal\/240894.svg","caption":"EnterpriseAM"},"image":{"@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1300.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":643963,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/18\/jaz-hotel-group-to-invest-usd-215-mn-to-open-six-new-hotels-in-2025-plus-pickalbatros-expands-hotel-portfolio-across-morocco\/","url_meta":{"origin":643928,"position":0},"title":"Jaz Hotel Group to invest USD 215 mn to open six new hotels in 2025. PLUS: Pickalbatros expands hotel portfolio across Morocco","author":"enterpriseam admin","date":"18 September 2024","format":false,"excerpt":"The hospitality player currently owns seven hotels across Morocco","rel":"","context":"In \"EnterpriseAM\"","block_context":{"text":"EnterpriseAM","link":"https:\/\/enterpriseam.com\/egypt\/tag\/enterpriseam\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/1360.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549699,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/27\/pickalbatros-is-opening-three-new-red-sea-hotels-by-february\/","url_meta":{"origin":643928,"position":1},"title":"Pickalbatros is opening three new Red Sea hotels by February","author":"enterpriseam admin","date":"27 September 2022","format":false,"excerpt":"Pickalbatros Hotels will open three new hotels in Hurghada and Marsa Alam by next February, Al Mal quotes Pickalbatros Group Chairman Kamel Abou Ali as saying. Although Abou Ali did not disclose the total investment value for the projects, he did say that the cost per room is USD 80-120k.\u2026","rel":"","context":"In &quot;Tourism&quot;","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/394.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":606782,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/09\/21\/pickalbatros-to-invest-usd-140-mn-in-morocco\/","url_meta":{"origin":643928,"position":2},"title":"Pickalbatros to invest USD 140 mn in Morocco","author":"enterpriseam admin","date":"21 September 2023","format":false,"excerpt":"The company will raise its hotel capacity in Morocco by 43%","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1309.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":566034,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/24\/pickalbatros-hotels-secures-usd-23-mn-loan-from-vantage-capital\/","url_meta":{"origin":643928,"position":3},"title":"PickAlbatros Hotels secures USD 23 mn loan from Vantage Capital","author":"enterpriseam admin","date":"24 May 2021","format":false,"excerpt":"Egypt-based PickAlbatrosHotels has obtained USD 23 mn worth of mezzanine loan from South African fund manager Vantage Capital, according to a joint statement (pdf). The hotel owner and operator will use the financing to fund its working capital and renovate five hotels it recently acquired.The funding transaction marks Vantage\u2019s \u201cinaugural\u2026","rel":"","context":"In &quot;SPEED ROUND: INVESTMENT WATCH&quot;","block_context":{"text":"SPEED ROUND: INVESTMENT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/430.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604301,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/08\/29\/pickalbatros-beltone-sign-egp-750-mn-sale-leaseback-agreement\/","url_meta":{"origin":643928,"position":4},"title":"Pickalbatros, Beltone sign EGP 750 mn sale-leaseback agreement","author":"enterpriseam admin","date":"29 August 2023","format":false,"excerpt":"The Egyptian hotelier sold one of its hotels in Sharm El Sheikh to Beltone Leasing","rel":"","context":"In &quot;DEBT WATCH&quot;","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1331.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":552738,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/26\/this-evening-pickalbatros-plans-three-new-hotels-in-hurghada-the-gbp-is-tanking\/","url_meta":{"origin":643928,"position":5},"title":"THIS EVENING: Pickalbatros plans three new hotels in Hurghada + The GBP is tanking","author":"enterpriseam admin","date":"26 September 2022","format":false,"excerpt":"Happy Monday, wonderful people, and welcome to a slightly unorthodox issue of EnterprisePM. Today, in place of our typical For Your Commute and Enterprise Recommends sections, we bring you the results of the Enterprise Fall 2022 Reader Poll, wherein we round up your outlooks on everything from investments and IPOs\u2026","rel":"","context":"In &quot;WHAT WE\u2019RE TRACKING TONIGHT&quot;","block_context":{"text":"WHAT WE\u2019RE TRACKING TONIGHT","link":"https:\/\/enterpriseam.com\/egypt\/category\/what-were-tracking-tonight\/"},"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\/643928","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=643928"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/643928\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/643926"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/643929"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=643928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=643928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=643928"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=643928"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=643928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}