Investors Eying Full Auction of Ghion Hotel
Renowned local investors and International Bidders Buying Bid Document.
Addis Ababa, Ethiopia -Ã‚Â The intended sale of Ghion Hotel Addis Abeba, known for its spacious 12ht compound and birdlife, has drawn a lot of attention from notable local and international investors.
Around 12 companies have so far bought bid documents including billionaire tycoon Mohammad Ali-Al AmoudiÃ¢â‚¬â„¢s conglomerate MIDROC Ethiopia and importing giant GET-AS international, whose major owners are Getu Gelete and his brother Asrat; the tender will be opened on August 8.
Interest from international companies is more varied ranging from hoteliers to real estate and construction companies.
China Communications Construction, a large state owned company involved in the design and construction of roads bridges and railway; Southern Sun, a South African company which manages several hotel chains including part of the internationally widespread mid-priced Holiday Inn Hotel chains located in South Africa, and Panorama International, an American company which provides consulting services for real estate developers have all bought bid documents.Ã‚Â Read complete story on Addis Fortune