Major hotel brands strike deals with local investors

AHIF Ethiopia
Addis Ababa, Ethiopia - The hospitality industry here is shifting gears with some six major international hotel brand operators sealing deals with local investors. The pack of big players were present in the capital to attend the African Hotel Investment Forum (AHIF) which was held at the Sheraton Addis from Monday through Wednesday. On Tuesday, the UK-based Wyndham Hotel Group, which operates seven...

Hosting the big faces of the hospitality industry

David Tarsh
This week Addis Ababa successfully hosted a major forum that focused on the hospitality industry. The three-day event organized by the UK-based Bench Events, turned out to be one of the biggest forums hosted in Africa. The number of participants grew to more than 500 and the global brands that sponsored the event this year reached 37. The event, which was held for the first time in Addis Ababa,...

In search of hospitality

Taitu Hotel
Addis Ababa prides itself on being one of the major diplomatic centers in the world. With a population of some 3.5 million, the metropolis hosts thousands of hotels, restaurants and cafeterias ranging from low-end establishments to the ritzy ones. True to form, Addis Ababa is home to a handful of franchise hotels including Starwood Hotels and Resorts’ Sheraton, Hilton Hotel and Resorts’...

Ghion Hotel up for full acquisition again

GhionHotel
Addis Ababa, Ethiopia - The Privatization and Public Enterprises Supervising Agency (PPESA), once again, has put Ghion Hotels Enterprise up for another bid as it failed to attract potential buyers in its previous attempt. The agency, this time, hopes that the bid will attract potential investors as it has revised the floor price of the hotel, previously set at 150 million dollars. Ghion...

Ghion Hotel, six state enterprises up for auction

Ghion Hotel
Addis Ababa, Ethiopia – (The Reporter) – The Privatization and Public Enterprises Supervisory Agency (PPESA) have put up the famous Ghion Hotel and six other state owned enterprises for bid. Some of foreign investors, who showed interests on Ghion Hotel, are expressing their complaint claiming the bid is “unfair”. Among the big enterprises up for bid are Ghion...