Hamdy Ahmed _ Amer Holding Group launched a new phase of the "Porto Grande New Alamein" project, featuring hotel rooms fully managed and operated by M Hotels.
Dalia El-Kordy, Chief Commercial Officer of Amer Holding Group, stated that the group launched the project's hotel rooms in response to the growing demand for this type of unit and to provide investment opportunities in the hospitality sector.
She added that this phase achieved sales worth EGP 1 billion on its first day of launch, pointing out the group's continued commitment to developing its projects in line with the needs of the Egyptian market.
For his part, Ahmed El-Sunbisi, Head of Sales at the Group, stated that the new phase includes an 11-story hotel building, with the tenth and eleventh floors allocated for the hotel, while the other floors comprise serviced apartment units. He explained that the current phase is a continuation of the project's first phase, which was launched under the name "Aqua" and included a water park area.
El-Sunbisi pointed out that the hotel rooms aim to achieve a rental yield of up to 15%, in addition to a potential increase in market value by 20% over time.
