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Browsing: Covid-19 impact on hospitality industry
- PickAlbatros operates a portfolio of 4-star and 5-star hotels located in key tourist destinations in Egypt.
- Vantage Capital’s exit highlights the resilience and growth of Egypt’s hospitality sector amid challenging global conditions.
- Egypt’s hospitality sector is a key pillar of the country’s economy, attracting 15 million international tourists annually.
Vantage Capital, Africa’s mezzanine debt fund manager, has announced the successful full exit of its investment in PickAlbatros Hotels, a leading hotel owner and operator based in Egypt.
PickAlbatros operates a portfolio of 4-star and 5-star hotels located in key tourist destinations along Egypt’s Red Sea coast, including Sharm El Sheikh, Hurghada, Sahl Hasheesh, and Marsa Allam.
These resorts are popular for their luxurious beachfront access, fitness clubs, water parks, and swimming pools, making them major attractions for international tourists, particularly from Europe.
The investment exit marks a milestone for both Vantage Capital and the PickAlbatros group, highlighting the resilience and …