Hospitality


QG Africa Hotel acquires Mövenpick Ambassador Hotel Accra

QG Africa Hotel acquires Mövenpick Ambassador Hotel Accra

QG Africa Hotel, a Mauritius based investment fund managed by Quantum Global Investments Africa Management, has acquired a 100% stake in Mövenpick Ambassador Hotel Accra for a consideration of $100m from Kingdom Holding Company (KHC).
The transaction, which closed on December 28, 2016, marks the most sizable open-market hotel transaction in sub-Saharan Africa to date.
KHC continues to be a stakeholder [...]

Top 10 hotel companies investing in Africa

Top 10 hotel companies investing in Africa

Ibis Styles is the front-runner for the number of planned hotels in Africa, emerging ahead of Hilton and Radisson Blu.
The Annual Hotel Chain Development Pipeline Survey, from W Hospitality Group, compiled a top 10 brands list, of which Ibis Styles came top. It has 28 planned hotels, followed by Radisson Blu with 25, Mercure with [...]