Five properties to consume USD 225 mln
The French augmented hotelier, Accor Hotels Group, has agreed to bring in and manage Ibis Styles, a mid-scale brand as a fifth pipeline project in Ethiopia under its umbrella.
The property, costing USD 23 million, will open its doors by the end of 2023, and will have 150 keys (rooms) suitable for most young and middle class business travelers and executives, who would not mind spending USD 140 to 150 per room night.
Yuluch Elyano Trading PLC, a family owned local business firm engaged in rebar import trade, real estate, manufacturing and the like are behind the project. Goitom Girmay, Major Shareholder and CEO of Yuluch Elyano and several other chains of businesses has signed the management contract agreement with Mark Willis, CEO of Middle East and Africa with Accor, on Thursday in Dubai.
Yonas Moges, Managing Partner of Calibra Hospitality Consulting and Business PLC, who has been involved in all the five upcoming projects, told The Reporter that the Ibis Styles will create some 200 jobs in the local community.
Read more at: The Reporter