ADD Properties Secures $265 Million Syndicated Loan for Egypt Hotel Expansion
ADD Properties, the hotel arm of Sami Saad Holding, secured a $265 million syndicated loan to expand its hotel portfolio in Egypt. EFG Hermes acted as sole financial advisor. The expansion includes a new Grand Hyatt hotel on the Giza Plateau, overlooking the Grand Egyptian Museum.
By Staff WriterADD Properties, the hotel arm of Sami Saad Holding, has secured a $265 million loan to expand its hotel portfolio in Egypt. EFG Hermes acted as sole financial advisor on the deal.The flagship project is a new Grand Hyatt hotel on the Giza Plateau, overlooking the Grand Egyptian Museu…