A hotel & tourism business with its roots dating to 1980
A hotel & tourism business with its roots dating to 1980
Building seaside landmarks one resort at a time
Royal is a group of companies focused on tourism and hospitality opportunities in Egypt; its main affiliates are: Royal Touristic Investments, the master developer behind Shoni Bay in Marsa Alam. Royal Crown Touristic Development, a resort owning company in Taba’s Gulf of Aqaba; currently under construction. Lastly, Royal Travel & Tourist Agency, a travel services company incorporated in 1980 with an IATA accreditation.
Royal also owns indirect minority in several other projects, including commercial real estate, and has previously exited investments successfully. Moving forward, Royal will consider investment opportunities that can be generally categorized as acquisition or development of prime resort locations, hospitality management, travel and tourism industries and real estate.
Shoni Bay is considered the flagship of the group; its developed on 365,000 sqm, uniquely located on one of only 7 bays in Marsa Alam with a natural exit to the sea. The property has been acclaimed for its standards by consecutively winning Tripadvisor’s Travelers' Choice Award and Certificate of Excellence. For more information, click the link below
In 3Q2023 Royal Group completed the acquisition of 100% of Beirut Hotel Hurghada from its existing shareholders and is currently renovating the property. The Hotel is a waterfront property, conveniently located on the center of Hurghada with amenities including a marina and will be rebranded after the renovation works are completed
RCT Development’s Gulf of Aqaba resort is currently under construction on a 200,000 sqm beach front land plot located in Taba Golden Coast (Wadi el Mahashi); approximately 1 km away from Orascom Hotel Development’s Taba Heights. The company also has approximately a 14% equity participation in the utilities company in the area of Taba Golden Coast.
Royal Travel & Tourist Agency is the oldest of the groups affiliates and its services include ticketing, inbound handling, outbound planning and transportation. It is a member of the International Air Transport Association and maintains a close relationship with airlines and GDSs including Amadeus IT. As an agency it has historically ranked among top sellers on airlines including KLM, Emirates, Etihad, Lufthansa among others.
An exited investment; Royal Crown Hotel was the group’s first venture into the hospitality industry. It is located in Heliopolis district of Cairo and was acquired in 1993 as a shell building and developed into a 3-star property, which was then sold in 2006.
Royal was also affiliated with an indirect minority investment in Glory 45 Mall; a commercial real estate property in a prime location in 6th of October city with 80+ retail units and approximately 16,000 sqm of leasable space. The property’s anchor tenants include brands such as McDonald's, Blom Bank and Al Othaim Supermarkets.
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