Company profile
Pickalbatros Hotels and Resorts Group
Pickalbatros Hotels and Resorts is an Egyptian hospitality group specialising in resort hotels across Egypt and Morocco. Founded in 1992 by Kamel Abou-Aly and headquartered in Hurghada, Egypt, the company operates approximately 40 properties with over 18,000 rooms and provides 4 and 5-star resorts, including all-inclusive, family-friendly, and adults-only options, with a focus on international entertainment and diverse cuisines. Pickalbatros Hotels & Resorts maintains a regional footprint with primary operations in Egypt (Hurghada, Marsa Alam, Sharm El Sheikh, Sahl Hasheesh, Makadi Bay) and Morocco (Marrakech, Agadir).
- Sector
- Consumer / Hotels
- Markets
- Morocco, Egypt
- Founded
- 1992
- Ownership
- Private
- Stage
- Large Enterprise
- Capital raised
- $259.5m
- Employees
- 500+
- Business model
- B2C Transactional, Rental/Leasing, Retail/E-commerce
Products and services
4-Star Resorts, 5-Star Resorts, All-Inclusive Resorts, Family-Friendly Resorts, Adults-Only Resorts, Aqua Parks
Transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 16 Oct 2026 | IFC and Attijariwafa Bank invest EUR 215 million in Pickalbatros Hotels & Resorts' operations in Morocco | Corporate Transactions, Real Estate | $241.1m | Egypt |
Source: Partner Researchers.