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Ethiopia’s Booming Hotel Industry
Jupiter International Hotel (Photo: TripAdvisor.com)
The Sheraton Hotel is doing another good day of business on a Monday morning. The hotel, run by Sheikh Mohammed Ali Al-Amoudi, is Ethiopia’s most recognized hotel. It fills with business travelers from London and diplomats from all over Africa. It offers similar services and accommodations expected from any major hotel in America or Europe. For...
“ Taking Hotel Hospitality to New Heights”
Ulrike Braun-Nasso, General Manager of Capital Hotel and SPA ( Photo: newbusinessethiopia.com)
Addis Ababa, is becoming fast a hub for international and local commerce, as well as a hub for international organization and a destination for Conference tourism.
In line with that the Hospitality industry is expanding at a fast scale with the newest addition being the upscale the Capital Hotel and SPA.
NewBusinessEthiopia.com’s...
Capital Hotel & Spa opens its doors
Addis Ababa, Ethiopia - After five years of construction period with an investment cost of 720 million birr (around 39 million US dollars at the prevailing exchange rate), Capital Hotel and Spa, a swanky five star new hotel & spa, has officially opened in Addis Ababa, Ethiopia this morning.
Built on 19,383 square meters, the new hotel has begun operation today (May 10,2013) just in time to accommodate...
Negotiations for Ethiopian Airlines Hotel Underway
Financial offers are being evaluated, Ethiopian can select a company within two weeks.
Addis Ababa, Ethiopia - Ethiopian Airlines is conducting fresh negotiations with international companies for the design, construction, vendor finance and management of the four star hotel it intends to develop.
“Ethiopian could settle on a company within 15 days, if all requested documents are submitted by the...
Hotel Nazrawi to join the hospitality industry
Addis Ababa, Ethiopia - Hotel Nazrawi, a new luxury facility, will be joining the hospitality industry in time for the 50th anniversary of the African Union (AU).
The new hotel was established at a cost of 150 million birr and plans to open its doors to the public in May, this year.
The ten-storey Hotel was built on an area of more than 600 square meters and is located on Gabon Avenue (on the road...
Hilton Hotel appeals court ruling for temps
Addis Hilton
Addis Ababa, Ethiopia - The administration of Hilton Hotel went to the Federal Supreme Court Cassation Bench appealing the Federal High Court’s verdict that upheld the Federal First Instance Court Kirkos Bench ruling. The Kirkos Bench ruling guarantees the 148 temporary employees, who claimed similar benefits as the hotel’s permanent workers, with regards to service charges and back...
Ghion on Offer for Lesser Price in Second Round
Agency changed price after private consultancy firm assessed assets, value.
Addis Ababa, Ethiopia - The Privatisation and Public Enterprises Supervising Agency (PPESA) will lower the indicative price of Ghion Hotel Addis Abeba, when it re tenders it for full private ownership in the coming three weeks, after taking the recommendation of outside consultants, SAB management and Development Consultancy Fortune learnt.
Officials...
Yordanos Hotel Goes Grand with 200m Br New Structure
Hotel claims five-star but culture ministry does not endorse it.
Addis Ababa, Ethiopia - Yordanos Hotel Plc inaugurated the self-proclaimed five-star Grand Yordanos Hotel on Saturday, September 22, 2012; the hotel, adjacent to the old three-star Yordanos Hotel, will run under a separate management.
The construction and furnishing of the new hotel took 200 million Br on 1,000sqm of land leased from...
Yordanos Hotel gets five star expansion
Addis Ababa, Ethiopia – One of the nation’s oldest hotels will soon be seeing stars as it completes a new face lift.
The Grand Yordanos Hotel Plc earned five stars as it underwent a new expansion erected at a cost of 200 million birr at Jomo Kenyatta Street around ECA. It has 110 high quality bedrooms and new facilities that now bring it into the five star category.
Tamene Woldeyess, owner...
Investors Eying Full Auction of Ghion Hotel
Renowned local investors and International Bidders Buying Bid Document.
Addis Ababa, Ethiopia - 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 Amoudi’s conglomerate MIDROC Ethiopia...
