africa hotel investment forum
Marriott International Signs Seven New Hotels in Africa Marking a Debut in Ivory Coast
Marriott International | October 12, 2017
KIGALI, Rwanda, October 12, 2017 -- From the Africa Hotel Investment Forum (AHIF) (www.Africa-Conference.com) in Kigali, Rwanda, Marriott International (NASDAQ: MAR) (www.Marriott.com) today announced further expansion plans in Africa with seven new hotel signings. Marriott International was the first global chain to make a significant investment in Africa with the acquisition of Protea Hotels for $210 million in 2014. The company is targeting over 200 hotels with 37,000 rooms open or in the pipeline by 2022, equating to around $8.5 billion of capital investment by its real estate partners, reinforcing its continued commitment to expans...
Africa Hotel and Tourism Entering Period of Sustained Growth
October 5, 2015
LONDON, United Kingdom, 5 October 2015 -- The hotel and tourism industry in Africa is beginning a period of sustained growth, according to the sector's leading experts gathered at the Africa Hotel Investment Forum in Addis Ababa (http://www.Africa-Conference.com). The conference heard that inward international flights were recovering after being hit by the ebola outbreak. And the hotel sector reported significant expansion, as well as increased visitor numbers, boosted by demand from African business. Now in its fifth year, AHIF (30 September to 1 October 2015) brought together 500-plus leading international hotel investors, local opera...
Hilton Heads Hotel Development Boom in Africa
W Hospitality Group | June 25, 2015
The findings of this year's Hotel Chain Development Pipeline Survey, produced by Lagos-based consultancy W Hospitality Group (http://w-hospitalitygroup.com), show that Hilton is leading the race to develop new hotels in Africa with 7,250 rooms in its pipeline, spread over 29 new properties, 18% up on the previous year. Hot on its heels is Carlson Rezidor, with 6,953 new rooms in development spread across 32 hotels. Marriott is in third place with 6,412 rooms in its pipeline spread over 36 new properties, 22% up on 2014. If one creates a ranking not by number of rooms but instead by the number of hotels, Marriott would take the top spot ...
