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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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Hyatt plans to open 9 new hotels in Africa by 2020

Hyatt Hotels Corporation announced today that nine additional Hyatt-branded hotels are expected to open in Africa by the end of 2020. The announcement focused on the first dual-branded Hyatt Place and Hyatt House hotels on the continent, the return of the Hyatt brand to Cairo, new Park Hyatt and Hyatt Regency hotels in Morocco, and […]

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Sun International: The latest hotel company to exit Nigeria

Following the announcement to exit their investment in the Federal Palace Hotel Lagos and thus, the Nigerian market in 2016, Sun International has provided an update on their position. The Federal Palace Hotel, which is owned by Tourist Company of Nigeria (TCN) has been embroiled in a shareholder dispute since 2016. According to TCN’s 2017 Annual Report, […]

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