{"id":667022,"date":"2025-06-18T00:00:00","date_gmt":"2025-06-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/18\/add-properties-to-open-usd-265-mn-hyatt-hotel-overlooking-giza-pyramids\/"},"modified":"2025-06-18T00:00:00","modified_gmt":"2025-06-18T00:00:00","slug":"add-properties-to-open-usd-265-mn-hyatt-hotel-overlooking-giza-pyramids","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/18\/add-properties-to-open-usd-265-mn-hyatt-hotel-overlooking-giza-pyramids\/","title":{"rendered":"ADD Properties to open USD 265 mn Hyatt hotel overlooking Giza Pyramids"},"content":{"rendered":"

ADD Properties is expanding its partnership with US hospitality giant Hyatt Hotels with a new 400-key hotel in the works<\/strong>, under an MoU for the USD 265 mn Giza project, according to a cabinet statement<\/a>. The Sami Saad Holding subsidiary also looks likely to get a USD 110 mn senior loan from the European Bank for Reconstruction and Development to fund the hotel overlooking the Giza Pyramids and Grand Egyptian Museum, according to the project overview<\/a> from the lender.<\/p>\n

The funds will also be used elsewhere<\/strong> to help the developer refinance or consolidate its existing debts and support other investments in capital expenditures, including land and building acquisitions, property asset renovations, and future capex financing.<\/p>\n

REMEMBER- <\/strong>After a ten-year break from the county, ADD Properties \u2014 then known by the name Aldau Development \u2014 helped bring back Hyatt to the country with the grand opening of the Hyatt Regency Cairo West hotel<\/a> at Pyramids Heights in 2022. The opening followed a franchise agreement inked between the two for the hotel back in 2019<\/a>, after the US hotelier giant decided to come back to the country after the Arab Spring shock to the tourism market subsided.<\/p>\n

DATA POINT- <\/strong>After adding 7.2k hotel rooms to the country\u2019s total capacity last year, the government is planning to add another 19k hotel rooms<\/a> this year to meet rising demand.<\/p>\n","protected":false},"excerpt":{"rendered":"

After a ten-year break from the county, ADD Properties helped bring back Hyatt to the country in 2022<\/p>\n","protected":false},"author":1,"featured_media":667023,"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":[72,955,83,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-667022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-enterpriseam","tag-hospitality","tag-real-estate","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"adbc9219-562a-42e8-85d2-f06d538617b2","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/973.jpg","photo_position":"above","homepage_title":"","full_issue_title":"ADD Properties to open USD 265 mn Hyatt hotel overlooking Egypt\u2019s Giza Pyramids","related_issue":[667012],"teaser":"After a ten-year break from the county, ADD Properties helped bring back Hyatt to the country in 2022","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.2e5d866c-d89d-4b6a-9ab8-7aaa1fa8d73e.mp3"},"yoast_head":"\nADD Properties to open USD 265 mn Hyatt hotel overlooking Giza Pyramids - 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The hotel will mark Hyatt\u2019s return to the Egyptian capital, and will feature 242 rooms overlooking the Giza\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":696378,"url":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/27\/ifc-nears-usd-100-mn-loan-for-hotel-with-a-gem-view\/","url_meta":{"origin":667022,"position":1},"title":"IFC nears USD 100 mn loan for hotel with a GEM view","author":"enterpriseam admin","date":"27 April 2026","format":false,"excerpt":"The loan is part of a wider USD 265 mn package","rel":"","context":"In "DEBT WATCH"","block_context":{"text":"DEBT WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/debt-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/11\/209.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568307,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/24\/also-on-our-radar-on-24-december-2020\/","url_meta":{"origin":667022,"position":2},"title":"Also on our radar on 24 December 2020","author":"enterpriseam admin","date":"24 December 2020","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) has extended a USD 12 mn loan to Al Dau al Haram for Hotels Operations to develop the Hyatt Regency hotel that will overlook the Giza Pyramids, it said in a statement (pdf) yesterday. 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Egypt and Morocco are the group\u2019s focus countries, but\u2026","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\/2021\/9\/249.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":589459,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/04\/abu-dhabi-hotel-group-could-invest-usd-175-mn-in-egypt-portfolio\/","url_meta":{"origin":667022,"position":4},"title":"Abu Dhabi hotel group could invest USD 175 mn in Egypt portfolio","author":"enterpriseam admin","date":"4 July 2023","format":false,"excerpt":"The company will invest another USD 80 mn to revamp its Red Sea resorts","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/39.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":618474,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/04\/15\/south-africas-standard-bank-group-to-set-up-egypt-office-in-2024-plus-bp-projects-float-impact-ebrd-funds-smes-eastern-hikes-smoke-prices-arabia-hotels-builds-new-giza-pyramids-hotel\/","url_meta":{"origin":667022,"position":5},"title":"South Africa\u2019s Standard Bank Group to set up Egypt office in 2024. 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