Amer group to manage Porto Sharm Hotel during the first phase of the operations, before assigning to an international hotel management company, according to local media.
Amer Group will open Porto Sharm Hotel in Sharm El-Sheikh, located in the Nabq area on 650,000m2, in December of this year, according to Amer head of the financial sector and director of investor relations Riad Refaat.
Following the signing of a contract with Accor Hotels to manage the group’s hotels in Porto Sokhna, Amer Group’s managing director said in a press release, the group targets to inject large investments to the project, explaining that Accor has ambitious development plans for the group’s hotels in Porto Sokhna.
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Amer Group’s total revenues were AED 396 million (EGP 958.4 million) in the first half of 2016—an increase of 14% compared to AED 347 million (EGP 840.3 million) last year.
The group reportedly achieved a net profit of AED 35 million (EGP 86 million) in H1 2016 compared to AED 28 million (EGP 67 million) in 2015, equal to 27.5% growth.
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