{"id":664897,"date":"2025-05-08T00:00:00","date_gmt":"2025-05-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/08\/travcos-jaz-hotel-group-to-open-four-new-hotels-in-egypt-this-month\/"},"modified":"2025-05-08T00:00:00","modified_gmt":"2025-05-08T00:00:00","slug":"travcos-jaz-hotel-group-to-open-four-new-hotels-in-egypt-this-month","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/08\/travcos-jaz-hotel-group-to-open-four-new-hotels-in-egypt-this-month\/","title":{"rendered":"Travco\u2019s Jaz Hotel Group to open four new hotels in Egypt this month"},"content":{"rendered":"

Travco su<\/strong>bsidiary Jaz Hotel Group will open four hotels in Egypt this month<\/strong> with combined investments of USD 162 mn, CEO and Chairman Alaa Akel told Asharq Business<\/a>. The new hotels will be located in Greater Cairo, Hurghada, and Marsa Matrouh and will add 1.6k rooms to Jaz\u2019s portfolio.<\/p>\n

(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

The breakdown: <\/strong>The new entities will include a 560-room hotel located near the Great Pyramids of Giza, next to the Grand Egyptian Museum. Another is being set up in Sahl Hasheesh with a 650-room capacity, and the last two hotels are being constructed in Marsa Matrouh and will have a combined capacity of 410 rooms. <\/p>\n

And there\u2019s more to come: <\/strong>Last year, Akel said<\/a> that the hospitality player has six new hotels in the pipeline \u2014 under a USD 215 mn investment plan \u2014 slated to open their doors in 2025. The new hotels were said to add over 2.1k rooms to the company\u2019s portfolio and be set up in the North Coast, Hurghada, and Marsa Alam.<\/p>\n

REMEMBER- <\/strong>The government aims to attract some 25 mn tourists<\/a> annually by 2028, for which it plans to add some 240-250k rooms to the existing hotel room capacity.<\/p>\n

ICYMI- <\/strong>The Tourism Ministry revealed<\/a> this week it is looking to secure some EGP 200 bn to launch the second iteration of the subsidized loan program for hospitality players, which will differ from the first EGP 50 bn program<\/a> launched in October by focusing on establishing new entities or new hotels instead of just adding rooms to existing hotels.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new hotels will add 1.6k rooms to Jaz\u2019s portfolio<\/p>\n","protected":false},"author":1,"featured_media":664898,"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":[1],"tags":[72,955,4502,238,4867],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-664897","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-enterpriseam","tag-hospitality","tag-jaz-hotel-group","tag-tourism","tag-travco","wpautop","entry"],"acf":{"mongo_id":"b4dd2d92-5fc2-4b97-a30e-8b9e4be319ff","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/588.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Travco\u2019s Jaz Hotel Group to open four new hotels in Egypt this month","related_issue":[664882],"teaser":"The new hotels will add 1.6k rooms to Jaz\u2019s portfolio","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.082a4c22-d854-41e0-9aaa-19119ecc0ded.mp3"},"yoast_head":"\nTravco\u2019s Jaz Hotel Group to open four new hotels in Egypt this month - 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The hotels will be in Hurghada, Safaga, and Marsa Alam, and will have a capacity of 1340 rooms.","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":[]},{"id":612560,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/25\/jaz-hotel-group-adds-hotels-cruise-ships-to-portfolio-in-egp-3-5-bn-expansion\/","url_meta":{"origin":664897,"position":1},"title":"Jaz Hotel Group adds hotels, cruise ships to portfolio in EGP 3.5 bn expansion","author":"enterpriseam admin","date":"25 December 2023","format":false,"excerpt":"The acquisition will add 700 rooms to the group\u2019s portfolio","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\/2023\/12\/1625.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":598145,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/15\/jaz-to-inaugurate-three-new-hotels-in-egypts-hurghada-marsa-alam-this-summer\/","url_meta":{"origin":664897,"position":2},"title":"Jaz to inaugurate three new hotels in Egypt\u2019s Hurghada, Marsa Alam this summer","author":"enterpriseam admin","date":"15 May 2019","format":false,"excerpt":"Travco hospitality arm Jaz Hotel Group will inaugurate this summer two new hotels in Hurghada and a third in Marsa Alam at a cost of EGP 1 mn, Chairman Alaa Akel tells Al Mal. The hotels have a combined total of 700 rooms. Jaz is pushing ahead with plans to\u2026","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"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":664897,"position":3},"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":574885,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/24\/jaz-to-inaugurate-egp-700-mn-steigenberger-hotel-in-soma-bay-by-december\/","url_meta":{"origin":664897,"position":4},"title":"Jaz to inaugurate EGP 700 mn Steigenberger hotel in Soma Bay by December","author":"enterpriseam admin","date":"24 September 2020","format":false,"excerpt":"Travco subsidiary Jaz is inaugurating a EGP 700 mn Steigenberger-branded hotel in Soma Bay by December, Chairman Alaa Akel told Al Mal. The hotel was initially slated to open in September.","rel":"","context":"In "Tourism"","block_context":{"text":"Tourism","link":"https:\/\/enterpriseam.com\/egypt\/category\/data\/tourism\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604411,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/03\/jaz-spending-egp-4-bn-in-eight-new-hotels-in-egypts-resort-towns\/","url_meta":{"origin":664897,"position":5},"title":"Jaz spending EGP 4 bn in eight new hotels in Egypt\u2019s resort towns","author":"enterpriseam admin","date":"3 December 2018","format":false,"excerpt":"INVESTMENT WATCH- Travco subsidiary to invest EGP 4 bn in new Egypt hotels: Travco subsidiary Jaz Hotel Group is investing EGP 4 bn in eight new hotelsin Marsa Alam and Hurghada, Jaz CEO Alaa Akel tells Al Mal. Construction of the hotels is underway and should wrap up in 1H2019.\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\/664897","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=664897"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/664897\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/664882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/664898"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=664897"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=664897"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=664897"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=664897"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=664897"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}