EBRD puts together $265 million for ADD Properties' hotel expansion in Egypt
The EBRD is arranging a $265 million package for ADD Properties, with proceeds going to hotel expansion in Egypt, including a Grand Hyatt in West Cairo.
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what happened
The European Bank for Reconstruction and Development (EBRD) is putting together a $265 million funding package for ADD Properties, a unit of Sami Saad Holding. The money is meant to expand and upgrade the company's hotel portfolio in Egypt, including a planned Grand Hyatt in West Cairo, according to the EBRD's statement reported by Reuters.
ADD Properties intends to shore up its capital base and raise the value of its assets. The EBRD itself will provide the largest tranche, $127.5 million. The IFC adds $60 million, Emirates NBD Egypt $40 million and the National Bank of Egypt $37.5 million. EFG Hermes is the sole financial adviser on the deal.
The package also includes technical support for environmental and governance work: LEED Silver certification for existing hotels, governance upgrades, and training for young people in Cairo and Hurghada. The Grand Hyatt's cost, room count and opening timeline were not released. In June 2025 the company had outlined an investment plan above $200 million.
why it matters
For markets this is a company-specific financing rather than a broad signal. Still, it shows that international lenders continue to back hotel investment in Egypt.
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sources
- EBRD arranges $265mln financing for ADD Properties' Egypt hospitality expansion — Reuters, 31 October 2026 at 02:49 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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