US Firm Values Orascom’s El Gouna Assets at USD 2.1 bn

• Thursday, 25th October 2018
• by Invest Gate

Orascom Development Holding (ODH) said that a new report by a US firm has valued its land banks and 17 hotels at the Red Sea resort of El Gouna at USD 2.1 bn, 42 times its current book value

Marriott International to Expand Its Portfolio in UAE

• Sunday, 14th October 2018
• by Invest Gate

Marriott International expects to end 2018 with the addition of 11 new properties and over 2,600 guestrooms added to its UAE portfolio, alongside a robust development outlook over the next five years

Tourism, Finance Ministries Ink Deal on Property Taxes for Hotels

• Thursday, 30th August 2018
• by Invest Gate

The ministries of tourism and finance have signed an agreement on the standards of real estate tax valuation of hotels

Hilton Worldwide Plans to Expand in Egypt

• Thursday, 10th August 2017
• by Menna A. Farouk

Hilton Worldwide plans to nearly double the number of its hotels in Egypt within the next seven to 10 years as tourism returns to its levels, Reuters reports.

Rotana to Open 17 Hotels Before End of 2018

• Tuesday, 18th July 2017
• by Menna A. Farouk

Hotel management company, Rotana, is to open a number of hotels before the end of 2018, Invest-Gate reports.