Hotels and Leisure
$20m earmarked for Hotel and Shopping Centre development in Zambia
Kasama, a city in the Northern Province of Zambia, is in for $20 million commercial transformation, that will see the development of a new four-star hotel and shopping mall at Kasama Golf Club (KGC). ... Full story
Africa gets its first Canopy by Hilton hotel brand
Hilton (NYSE:HLT) announced the signing of a management agreement with Growthpoint Properties, South Africa’s largest REIT, to open a hotel under its lifestyle Canopy by Hilton brand. ... Full story
$500m raised for new Hospitality Fund dedicated to Sub-Saharan Africa
Sub-Saharan hospitality investment platform Kasada Capital Management has reached a first close on its maiden fund Kasada Hospitality Fund LP with equity commitments of over USD 500 million. ... Full story
Marriott opens new Hotel, Four Points by Sheraton Setif in Algeria
Hospitality giant, Marriott International recently opened a new hotel in Algeria, Four Points by Sheraton Setif in partnership with Prombati SPA. ... Full story
Investor appetite grows for Casablanca’s stable real estate market
Casablanca’s Market remains active with new projects announced in 2018 across the hospitality, retail and industrial sectors. ... Full story
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
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Watch: A Credible Market, the need for Standards in Property Industry
Valuation standards have a significant role to play in helping to regulate professional practice at national, regional and global levels, promoting professional ethics, integrity, impartiality and trust in valuer activities in the property industry. ... Full story
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