{"id":660398,"date":"2025-02-11T00:00:00","date_gmt":"2025-02-11T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/11\/autograph-collection-to-set-up-a-new-hotel-in-somabay\/"},"modified":"2025-02-11T00:00:00","modified_gmt":"2025-02-11T00:00:00","slug":"autograph-collection-to-set-up-a-new-hotel-in-somabay","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/11\/autograph-collection-to-set-up-a-new-hotel-in-somabay\/","title":{"rendered":"Autograph Collection to set up a new hotel in Somabay"},"content":{"rendered":"<p class=\"tag-border-left\">HOSPITALITY- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Somab<\/strong><strong>ay to bring Marriott\u2019<\/strong><strong>s Autograph Collection Hotels to the Red Sea: <\/strong>Our friends at Somabay have inked an agreement with hospitality giant Marriott International to bring the latter\u2019s Autograph Collection brand to Somabay, according to a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/887.pdf\" style=\"\" rel=\"noopener\">statement (pdf)<\/a>. Scheduled to open in 2027, the new beachfront resort marks Marriott\u2019s second project in Somabay, following the opening of Sheraton Somabay in 1999.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A look inside:<\/strong> Located near the Hurghada International Airport, the resort will offer 194 rooms, cabanas, and suites. Amenities will include several dining venues, meeting rooms, and recreational facilities such as a fitness center and diving center.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI-<\/strong> <strong>The Autograph Collection Hotel is also coming to Mogamma:<\/strong> Cairo House Egypt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/00c791e5-7c55-4dfe-a1b4-d13c6906d41f\/\" style=\"\" rel=\"noopener\">inked an agreement<\/a> with Tourism Investment and Marriott International last week to turn the Mogamma building into an Autograph Collection Hotel.<\/p>\n<p class=\"tag-border-left\">REAL ESTATE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A <\/strong><strong>EGP<\/strong><strong> 1 <\/strong><strong>bn Egyptian-Saudi real estate investment fund in the works:<\/strong> Local real estate developer <a target=\"_blank\" href=\"https:\/\/www.almaghraby.net\/\" style=\"\" rel=\"noopener\">Dar Al Maghraby<\/a> is partnering with an undisclosed Saudi investment fund to set up a real estate investment fund with a minimum capital of EGP 1 bn, the company\u2019s chairman Mohamed Maghraby told <a target=\"_blank\" href=\"https:\/\/hapijournal.com\/2025\/02\/09\/%d8%b5%d9%86%d8%af%d9%88%d9%82-%d8%a7%d8%b3%d8%aa%d8%ab%d9%85%d8%a7%d8%b1-%d8%b9%d9%82%d8%a7%d8%b1%d9%8a-%d9%85%d8%b5%d8%b1%d9%8a-%d8%b3%d8%b9%d9%88%d8%af%d9%8a-%d8%a8%d8%b1%d8%a3%d8%b3%d9%85%d8%a7\/\" style=\"\" rel=\"noopener\">Hapi Journal<\/a>. The company is currently awaiting the green light from Egyptian regulators.<\/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\">M&A-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EGX-listed Egyptian Modern Education Systems will acquire 90% of Al Arafa for <\/strong><strong>Investment and Consultancies through a share swap<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/2\/950.pdf\" style=\"\" rel=\"noopener\">disclosure (pdf)<\/a> to the EGX. Elite Financial Consulting has been appointed as an independent financial advisor to determine the fair value of both companies and determine the swap ratio.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- An EGP 1 bn Egyptian-Saudi real estate investment fund in the works<\/p>\n","protected":false},"author":1,"featured_media":660399,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,833,2150,72,955,7128,8644,83,1443],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-660398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-arab-contractors","tag-egyptian-modern-education-systems","tag-enterpriseam","tag-hospitality","tag-ma-watch","tag-marriott","tag-real-estate","tag-somabay","wpautop","entry"],"acf":{"mongo_id":"2d63a511-67b2-4d85-b24e-0bcd308ba43e","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/933.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Autograph Collection to set up a new hotel in Somabay","related_issue":[660377],"teaser":"PLUS- An EGP 1 bn Egyptian-Saudi real estate investment fund in the works","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.23f821f9-3335-450b-aa5b-94d2ff575097.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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