Hotels and Leisure

Radisson plans to open five hotels in Africa

Radisson Hotel Group, one of the world's largest hotel groups has begun 2019 with the announcement of its new commercial strategy for Africa. ... Full story

Marriott International grows its African footprint with three new deals

Hotel group Marriott International has expanded its presence in the African hotel market — with three new deals across North and West Africa, reinforcing its commitment on the continent. ... Full story

Marriott's AC Hotels brand makes its debut in Africa

NASDAQ-listed Marriott International recently announced the official opening of the AC Hotel Cape Town Waterfront at The Yacht Club, marking the debut of the brand first in Africa. ... Full story

African real estate market still standing after tough 2016

African real estate has had a tough year navigating diffcult economic conditions. Most investors on the continent remain private equity groups as opposed to long term investors or Real Estate Investment Trust ( Reit) investors. ... Full story

Ethiopia's iconic hotel set to be demolished

Ethiopia Hotel and the adjacent Bego Adragot building are to be torn down within the next month. Belayneh Kindie, the import export mogul, bought the Hotel in 2010 for 92 million Br. ... Full story

CEO of SA's Sun International quits

Graeme Stephens, the chief executive of South African hotels and casinos operator Sun International which owns flagship resort property Sun City, near Rustenburg, is to step down at the end of April 2017. ... Full story

Marriott International to debut Element brand in Egypt

Marriott International (NASDAQ: MAR) announced plans to debut Element Hotels, the eco-incubator brand in Egypt in early 2019. ... Full story

Hilton to develop Hotel in Africa’s tallest development

Hilton Worldwide (NYSE:HLT) has unveiled plans to built a 255 guest-room and suite hotel in Kenya’s capital, Nairobi – expected to open in 2020. ... Full story

Rwanda’s Property market indicates a bubble is about to burst

KIGALI — Real estate developers have been pouring money into new investments at a frantic pace in Rwanda's property market, fueling concerns that a bubble may be unavoidable. ... Full story

Nigeria's weak economy leads Sun International to the exit door

JOHANNESBURG – South Africa's Hotel and gaming group, Sun International Ltd [JSE:SUI] announced on Monday that it will packing its bags exiting Nigeria, amid a number of factors. ... Full story

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