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Ghion Hotel up for bid again
Addis Ababa, Ethiopia - After a year of waiting, the Privatization and Public Enterprises Supervisory Agency (PPESA) is moving on and inviting interested parties to jointly invest in the hotel. A September 2010 deal with Aklile Berhan Mekonnen (Prince) an Ethiopian born Italian based investor and PPESA was terminated when he allegedly failed to make good on a promised deposit within six months, Capital...
Carlson Rezidor opens new hotel in Ethiopia
Carlson Rezidor has started 2012 in Africa on a high note, opening a new hotel in Ethiopia and disclosing details of a new resort for Mauritius.
The new Radisson Blu Hotel Addis Ababa, which opened this month, is in the heart of the Ethiopian capital, at the entrance to the United Nations Conference Centre.
Ultra-modern in design, the property has 204 guest rooms and 16 suites.
The hotel is in the...
Access Resorts Hotel to secure $6 million loan from PTA Bank
Addis Ababa, Ethiopia – Access Resorts Hotel (ARH) is hoping to secure a loan of six million dollars from the Common Market for Eastern & Southern Africa (COMESA) Bank, a.k.a. Preferential Trade Area (PTA) Bank, to pay for the renovation and upgrading of Imperial Hotel, Fortune learnt.
The loan request has already been approved by the PTA Bank, and won the blessing of the National Bank...
Sunshine Construction close to sign franchise deal with Marriott International
Addis Ababa, Ethiopia - After delays lasting several months, Sunshine Construction is close to seal a franchise agreement involving the management of what will become the first Marriott apartment and courtyard hotels in Ethiopia to be built and owned by Sunshine Construction Plc. The company is expected to sign an agreement with Marriott in two months’ time, according to sources.
Marriot International...
Adama Executive Hotel, a new addition to Hospitality Industry
Adama, Ethiopia – Adama Executive Hotel, a new addition to the growing hospitality industry in Ethiopia, opened its door here.
Hotel owner and general manager Ketema Regassa said the hotel was built at a cost of 92 million Birr (more than $5 million US), has 110 beds, six modern assembly halls, bars and restaurants, swimming pools and gymnasiums, among others.
The hotel has also created...
Radisson Blu Hotel opens its door in Ethiopia
Radisson Blu Hotel, Addis Ababa
Addis Ababa, Ethiopia – Rezidor ends 2011 on a magical note with the opening of a spellbinding property in yet another new country: the Radisson Blu Hotel, Addis Ababa. Ethiopia’s capital and largest city is currently undergoing a major construction boom and is the focus of a flourishing tourist industry. This brand new hotel is ideally situated in the heart...
