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AccorHotels Group Acquires FRHI Hotels & Resorts

Following shareholder approval given earlier this month, AccorHotels Group officially announced the acquisition of FRHI Hotels & Resorts (FRHI) and its three luxury hotel brands: Fairmont, Raffles and Swissôtel. This acquisition positions AccorHotels as a global hospitality leader and a key player in the luxury hotel market. The acquisition comes months after Marriott, another global hospitality […]

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Carlson Rezidor Adopts Aggressive Growth Strategy in Africa

Carlson Rezidor, one of the world’s largest hotel companies, has announced the signing of its first Quorvus Collection in Africa, which will be a  5-star, 244-room luxury Emerald Grand Hotel & Spa in Lagos, Nigeria. The group also signed a new Radisson Blu Hotel Harare in Zimbabwe (245 rooms), a Radisson Blu Hotel in Durban […]

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Update – Development: Oasis Centre (Retail & Hospitality), Ikeja – Lagos

Published: December 2015; Updated: June 2016. Name: Oasis Centre Location: Mobolaji Bank Anthony Way, Ikeja – Lagos Use: Retail and Hospitality Retail GLA: 6,100sqm Number of Hotel Rooms: 200 Floors: 7 Parking: 240 Other facilities: Meeting Rooms, Gym, Spa/Sauna and an Infinity Swimming Pool Development Team: Mall D’ Oasis Shopping Centre Limited – (Harps, The Nigeria Police Cooperative Multipurpose Society Ltd […]

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Protea Hotels rebrands to ‘Protea Hotels by Marriott’

Earlier this week, Marriott International announced that Protea Hotels will be rebranding and will officially be known as ‘Protea Hotels by Marriott’ moving forward. This rebranding effort will help the hotel group capitalize on the travel aspirations of Africa’s growing middle class and the increased presence of international hotel brands in Africa. The rebranding includes […]

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Updated – Development: Four Points by Sheraton, Ikot Ekpene – Akwa Ibom

Published: September 2015. Updated: May 2016. Name: Four Points by Sheraton; Location: Ikot Ekpene, Akwa Ibom; Keys: 144 Standard Rooms, 2 Presidential Suites and 16 Regular Suites; Total Gross Floor Area: 13,700m2; Floors: 12; Contractors: Renaissance Construction; Expected Opening: April 2017. In 2014, the State Government of Akwa Ibom signed a management agreement with Starwood Hotels for a (4-Star) Four Points by […]

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Quantum Global Group Announces Regional Expansion Plans in Africa

Quantum Global Group (Quantum Global), an investment firm focusing on Africa, has announced expansion plans across the Middle East and Africa region. The firm will establish offices in key markets to increase investor access to the vast development potential through funds registered in Mauritius. The funds are setup to target high growth industry sectors in […]

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Radisson Blu Opens at Abidjan Airport in Côte D’Ivoire

The Rezidor Hotel Group has unveiled a new 261-room Radisson Blu Hotel at Abidjan Airport. The hotel is located about 500 meters from Port Bouet Airport also known as Félix-Houphouët-Boigny International Airport and offers suites and meeting facilities. Abidjan is the largest city in Côte D’Ivoire and the third-largest French-speaking city in the world, after Paris and […]

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QG Africa Hotel LP acquires InterContinental Hotel in Lusaka, Zambia for $35.9 million

QG Africa Hotel LP has acquired 100% interest in the 244-room InterContinental Hotel Lusaka in Zambia from Kingdom Hotel Investments for a gross consideration of USD $35.9 million. This acquisition values each room at $147,000. The buyer is a USD $500 million Mauritius-based fund that aims to capitalize on the emerging opportunities in the hospitality sector. As a long-term direct […]

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China-based Investor Seeks to Dominate U.S. Hotel Industry

China-based Insurance Company, Anbang Insurance Group Co. has a contract in place to buy Strategic Hotels & Resorts Inc. for $6.5 billion from Blackstone. Strategic owns 16 U.S. hotels, with all but one competing in the luxury sector. Its hotel portfolio includes Fairmont hotels in Chicago and Scottsdale, Arizona; five Four Seasons hotels; two Ritz-Carlton […]

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Protea Announces Two Additions to Uganda Portfolio

Protea Hotels, a member of Marriott International, recently announced the signing of contracts for the development of two new hotel properties in Uganda. This brings the Protea Hotels presence in the country to four sites, with an existing 70-room Protea Hotel in Kampala and the 73-room Protea Entebbe Resort in Entebbe. The new additions, Protea Hotel Naguru Skyz […]

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