{"id":645458,"date":"2017-07-20T04:05:42","date_gmt":"2017-07-20T04:05:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/misr-hotels-company-halts-new-investments-following-interest-rates-hike\/"},"modified":"2017-07-20T04:05:42","modified_gmt":"2017-07-20T04:05:42","slug":"misr-hotels-company-halts-new-investments-following-interest-rates-hike","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/misr-hotels-company-halts-new-investments-following-interest-rates-hike\/","title":{"rendered":"Misr Hotels Company halts new investments following interest rates hike"},"content":{"rendered":"

Misr Hotels Company is freezing expansion plans until the CBE decreases interest rates and inflation cools<\/strong>, according to chairman Amr Attia, Al Borsa reports<\/a>. \u201cAs long as interest rates are at their current levels, we will not enter new investments,\u201d Attia says. The company allocated EGP 183 mn in investments this fiscal year, including EGP 113 mn in debt services, for developments at Dahab Resort and Nile Ritz-Carlton. Construction work is set to start at Dahab resort\u2019s extension before year-end, according to Attia. On tourism, he says occupancy rates at the Nile Ritz-Carlton increased to 75% last year, with Gulf nationals comprising 55% of hotel residents. Separately, Attia said the company is not intending on increasing prices.<\/p>\n","protected":false},"excerpt":{"rendered":"

Misr Hotels Company is freezing expansion plans until the CBE decreases interest rates and inflation cools, according to chairman Amr Attia, Al Borsa reports. \u201cAs long as interest rates are at their current levels, we will not enter new investments,\u201d Attia says. The company allocated EGP 183 mn in investments this fiscal year, including EGP […]<\/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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645458","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"8543dd90-0acc-4bcf-bbe2-c13602bd71db","order":"0","is_powered_by":true,"section_story_id":"edfe9036-f4ac-4fc6-aba2-01dc4933b987","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645451],"teaser":"","voice_url":""},"yoast_head":"\nMisr Hotels Company halts new investments following interest rates hike - 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\/2017\/07\/20\/misr-hotels-company-halts-new-investments-following-interest-rates-hike\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Misr Hotels Company halts new investments following interest rates hike\" \/>\n<meta property=\"og:description\" content=\"Misr Hotels Company is freezing expansion plans until the CBE decreases interest rates and inflation cools, according to chairman Amr Attia, Al Borsa reports. \u201cAs long as interest rates are at their current levels, we will not enter new investments,\u201d Attia says. The company allocated EGP 183 mn in investments this fiscal year, including EGP […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/misr-hotels-company-halts-new-investments-following-interest-rates-hike\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-07-20T04:05:42+00:00\" \/>\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\/2017\/07\/20\/misr-hotels-company-halts-new-investments-following-interest-rates-hike\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/misr-hotels-company-halts-new-investments-following-interest-rates-hike\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Misr Hotels Company halts new investments following interest rates hike\",\"datePublished\":\"2017-07-20T04:05:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/misr-hotels-company-halts-new-investments-following-interest-rates-hike\/\"},\"wordCount\":124,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/misr-hotels-company-halts-new-investments-following-interest-rates-hike\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/07\/20\/misr-hotels-company-halts-new-investments-following-interest-rates-hike\/\",\"name\":\"Misr Hotels Company halts new investments following interest rates hike - 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