The seven hotels are the Cairo Marriott Hotel, Steigenberger El Tahrir in Cario, Marriott Mena House at the Giza pyramids, Sofitel Legend Old Cataract in Aswan, Mövenpick Aswan, Sofitel Winter Palace in Luxor and Steigenberger Cecil Alexandria.
The $445 billion QIA declined to comment. Egypt's TSFE did not immediately respond to a request for comment.
The QIA's investments include trophy assets such as the Shard skyscraper and the Harrods department store in London.
While it has been shifting away from such assets into sectors like technology, healthcare and public and private markets, the sources said the hotels would still fit into its portfolio and match its experience as an investor.
0 Comments