The 302-room Shangri-La Dubai has sold for almost $300 million in a deal called the first major hotel transaction in Dubai since the start of the U.S. war with Iran.
Tourists and hotel investors both show plenty of interest in Egypt, and experts agree that the country has room to grow despite its constant battle with being perceived as an unstable market.
Several Spain-based hotel companies with global portfolios have opted to withdraw from Cuba amid concerns with partnerships with Cuban state-owned Grupo de Gaviota.