Halan AZ Real Estate Investment Fund (REIT) announced the successful closing of its inaugural hospitality investment tranche in partnership with Brassbell Hospitality Group. The fully subscribed tranche marks the fund's first foray into professionally managed hospitality assets. The initial portfolio focuses on restored heritage buildings in Downtown Cairo.
Halan AZ Real Estate Investment Fund (REIT), established by MNT-Halan in collaboration with Azimut Egypt, announced the closing of its first hospitality investment tranche through a partnership with Brassbell Hospitality Group. MNP for Real Estate Solutions handled sourcing, due diligence, and transaction execution, while Brassbell will oversee operations and guest experience.
The initial portfolio consists of restored heritage buildings in Downtown Cairo repurposed as professionally managed hospitality assets. The fund now targets adding about 700 hotel keys across Egypt in 2026, with more investment rounds planned.
This move aligns with Egypt's booming tourism sector, where the government aims for 30 million annual visitors by 2030 and needs 200,000 more hotel rooms. Tourism revenues hit a record $18.2 billion in 2025.
Ahmed Abou Elsaad described the launch as efforts to democratize access to alternative investments via fintech and asset management. Ahmed Abdelmeguid highlighted the sector's resilience, long-term returns, inflation protection, and supportive regulatory reforms. Ahmed Ibrahim noted rising institutional confidence and expansion plans.