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Hilton Group’s Conceptual Hotels near Nigeria’s International Airport

With less than 1,000 rooms and 2 hotels at the end of 2019, the Hilton Group has a relatively limited presence within Nigeria. According to the W Hospitality Group 2019 Hotel Pipeline Study, Hilton was planning over 55 hotels and 11,209 rooms across the African continent. The only other hotel groups with a larger pipeline […]

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Actis, Westmont Hospitality Group Acquire Sheraton Casablanca Hotel

Global emerging markets and private equity company Actis, and Westmont Hospitality Group have announced the acquisition of the 309 key Sheraton Casablanca Hotel in Casablanca, Morocco. The hotel was acquired for a total consideration of $50 million from a Moroccan Government Entity. This implies a valuation of c. $161,812 per key, much less than the […]

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Sun International edges closer to sale of Federal Palace Hotel in Lagos

Three years after they announced plans to sell their stake in Federal Palace, Sun International has confirmed that they will be appointing advisors to commence a formal disposal process shortly. This recent development follows a series of unsolicited offers from third parties who have expressed interest in the asset. Sun International’s interest in Federal Palace […]

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Development: The Pullman Hotel, Accra, Ghana

Name: The Pullman Hotel; Developers: Ghana Infrastructure Investment Fund and Inter Afrique holdings; Operators: Accor Hotels and Platinum Properties Limited; Architect: Paragon Group; Engineers: Arup Engineering; Use: Hospitality; Location: Airport City, Accra; Number of Keys: 363; Commencement Date: Q4:2018; Expected Completion: H1:2021. Ghana Infrastructure Investment Fund and Inter-Afrique holdings, a Ghanian based investment firm, are currently […]

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Updated – Development: The Art Hotel, Oniru – Lagos

Name: The Art Hotel; Location: Plot 13A, Block 111, Yesufu Abiodun Oniru Way, Victoria Island; Floors: 6; Use: Hospitality; Rooms: 49 (4-Star); Cost: $15m; Developer: Dreamspaces Development; Main Contractors: Dutum Company Limited; Architects: MOE+ Art Architecture; Project Manager: Studio Stoone; Structural Engineer: Pinconsult Associates; MEP Engineer: Alliance Engineering Consultants; Quantity Surveyor: Nws Quantity Surveyors; Hotel Managers: Mantis Hotel Management Company; […]

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GRIT Real Estate Announces Its First Investment in Senegal

Earlier this week, GRIT announced its first investment in Senegal through the acquisition of 100% shares in Club Med Cap Skirring Resort for a total consideration of €11.6 million.   The investment transaction is “sale and purchase” agreement between GRIT and Club Med, which entails the purchase of 100% of the shares Société Immobiliére et de […]

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Radisson Hotel Group expands into Madagascar

The Radisson Hotel Group marked its debut in Madagascar, its 32nd African market, in April 2019 by signing a portfolio deal consisting of 3 hotels and a sum of 254 rooms. They also partnered with Groupe Talys, a consortium with interests in retail, construction, real estate and hospitality & leisure, based in Madagascar to execute […]

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Development: White Orchid House, Adetokunbo Ademola Street, Victoria Island – Lagos

Publish Date: 26 June 2019 | Update Date: 5 November 2019 Name: The White Orchid House; Developer:  White Orchid Hospitality Limited; Location: Adetokunbo Ademola Street; Use: Entertainment and Leisure Centre; Number of Rooms: 20 Keys; Architect: Consultants Collaborative Partnership; Main Contractor: Charvet Construction; Aluminium Contractor: EBM Systems; MEP Engineer: Emtech Nigeria; Quantity Surveyors: Complete Cost; Date […]

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Hyatt Regency Addis Ababa opens as the first Hyatt hotel in Ethiopia

The Hyatt Hotels Corporation announced on the 7th of January, the opening of Hyatt Regency Addis Ababa, the first Hyatt branded hotel in Ethiopia and the seventh in Africa. The 188-room property is centrally located on Meskel Square, near shopping centers, restaurants, bars, and tourist attractions, including the National Museum. The opening is indicative of […]

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Global hotel chains plan expansion in Francophone Africa

The facts and figures behind an unprecedented hotel expansion in Francophone Africa are revealed in the latest research by W Hospitality Group, the international experts in hotels, tourism and leisure based in Lagos, Nigeria.   W Hospitality Group’s hotel development pipeline analysis shows that more than 30 per cent of the current total Africa pipeline […]

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