PIE Events
- German Property Breakfast
14 February 2012
Stockholm
- Distressed Property Breakfast
22 February 2012
London
- Central and Eastern Europe Real Estate Conference
03-04 May 2012
Vienna, Austria
Egyptian acquisition of Steigenberger Hotels bucks quiet trend
The investment by Egyptian tourism company Travco in the Frankfurt-based hotel chain Steigenberger came as a surprise, with the sector still quiet amid the financial crisis, say realtors. The 81-unit hotel chain will be acquired almost in its entirety by Travco Group International, owned by Hamed El Chiaty and his family. No financial details were disclosed.