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Jaz Hotel Group to add 4 Red Sea resorts to portfolio by end-November - Daily News Egypt

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Jaz Hotel Group to add 4 Red Sea resorts to portfolio by end-November

Acquisition of hotels will increase group’s management portfolio to 52 across Egypt, says Group’s CEO


Jaz Hotel Group will add four hotels to its management portfolio by the end of November, according to Alaa Akel, the group’s CEO.

Akel, who is also Chairperson of the Egyptian Hotels Association (EHA) in the Red Sea region, told Daily News Egypt that the group, a Travco subsidiary, currently manages 48 hotels across Egypt.

He noted that the four new hotels will bring the group’s total portfolio to 52.

He said that two of the new hotels will be located in the bay of Abu Soma, one will be located in Hurghada, and the other in Marsa Alam.

Akel added that one hotel in Abu Soma will consist of 400 rooms, while the other will have a capacity of 432 rooms. The hotel in Marsa Alam has a capacity of 238 rooms, while the hotel in Hurghada will have a capacity of 232 rooms.

According to data provided by Jaz Hotel Group, it currently has a total capacity of 19,700 guest rooms, with the four new hotels adding about 1,300 rooms.

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https://dailyfeed.dailynewsegypt.com/2020/06/21/jaz-hotel-group-to-add-4-red-sea-resorts-to-portfolio-by-end-november/
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