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Stock impact report

Accor partners with Q Real Estate for new Novotel hotel in Egypt [Yahoo! Finance]

Lloyds Banking Group Plc American Depositary Shares (LYG) 
US:NYSE Investor Relations: lloydsbankinggroup.com/investors
Company Research Source: Yahoo! Finance
Expected to open in 2027, the hotel will be located on the northern Mediterranean coast of Egypt. The collaboration marks Q Real Estate Development Company's first hotel project within the Q North mixed-use development, situated at a short distance from Marassi coastal area. Q Developments CEO Ahmed Thabet said: “This is our first hotel development on this beautiful coastline, adding yet another reason to visit, joining a handful of existing upscale properties. “The opening of Novotel Sidi Abd El Rahman will take Q North into a new era – offering an excellent midscale product set to attract both domestic and international tourists looking for a beautiful, relaxing and exciting beach destination.” This development follows the recent announcement of two Swissôtel properties on Egypt's North Coast. Novotel Sidi Abd El Rahman will feature 240 rooms, catering to leisure travellers and the Meetings, Incentives, Conferences, and Exhibitions (MICE) sector. The property's dining o Show less Read more
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