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October 6, 2016

Marriott Opens 254-Room Marriott in Kigali, Rwanda

Earlier this week, Marriott International officially opened the doors of its first Marriott Hotel in Rwanda. The 254-room Marriott is located in Kigali, Rwanda’s capital city and 20 minutes away from the Kigali International Airport. According to the hotel group, it […]
October 6, 2016

Marriott Increases African Footprint with New Signings in 4 African Cities

Weeks after creating the world’s largest hospitality company through its acquisition of Starwood Hotels and Resorts, Marriott has announced signings of new properties in Nairobi, Cape Town, Mauritius and Cairo. Alex Kyriakidis, President and Managing Director, Middle East and Africa, […]
September 30, 2016

Tracking private equity deal activity in Africa

Real estate and private equity market players discussed deal activity in the African private equity sector on CNBC Africa yesterday following the publication of the H1:2016 African Private Equity Data Tracker by the African Private Equity and Venture Capital Association. Watch Ponmile Osibo, Manager […]
September 21, 2016

Mara Delta to expand into Mauritian Hospitality Sector

In late August, Mara Delta (formerly Delta Africa) advised it’s shareholders that it has entered into negotiations with Néréide Limited, a wholly-owned subsidiary of Lux Island Resorts Limited, to acquire the Tamassa Resort, located in Bel Ombre on the south […]
September 6, 2016

Redefine Will Dispose of Pivotal’s African Assets including The Wings Towers in Lagos

Redefine Properties Ltd recently agreed to acquire The Pivotal Fund for R6.1bn ($425m), however the fund, which is also South Africa’s second-largest REIT, is planning to dispose of Pivotal’s African assets in countries like Nigeria where they own 37.1% of an office development called […]
August 29, 2016

5 Reasons Why Novare Lekki Mall was a Great Investment

Urshday Limited, a joint venture between local land owners and Novare Equity Partners opened their 22,000m2 shopping mall to the public last week. This single level mall has attracted thousands since it opened on Thursday as residents in the estates nearby and […]
August 22, 2016

Sun International Seeks to Exit Nigeria by Sale of Federal Palace Hotel

Sun International seeks to exit Nigeria through the sale of their holding in The Tourist Company of Nigeria Plc, which wholly owns Federal Palace Hotel. This comes as a result of the country’s weakening economy and persistent disputes with the group’s […]