Market up 0.03% following buying interest in Transcorp, others

The equity market witnessed an expansion in today’s trading session, following buying interests in TRANSCORP (10.00%), WAPIC (6.12%), ACCESS (0.67%), Guaranty (0.32%), ETI (0.96%), FCMB...

Radisson announces 10th hotel in Nigeria

Radisson Hotel Group has announced its 10th hotel in Nigeria and the third brand in Abuja, the capital city of Nigeria and headquarters of...

Pushing boundaries of African hospitality

On the occasion of the Africa Hotel Investment Forum (AHIF) this week, Filippo Sona, Managing Director, Global Hospitality Drees & Sommer, asks whether Sub-Saharan...

Addis Ababa leads Africa in hotel room rates

Addis Ababa, Ethiopia, has posted Africa’s highest average daily rate (ADR), according to the most recent 12-month data from STR. The market will play...

Hilton Garden Inn expands footprint in Africa

Hilton Garden Inn is celebrating strong growth in Africa with four open properties and an additional 14 in the pipeline just three years...

Kasada Capital raises $500m for new hospitality fund for 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...

Accor leverages brand portfolio to accelerate Africa development plans

Accor, a world-leading augmented hospitality group, is fast-tracking its development plans in Africa, leveraging its expanded portfolio to consolidate its leadership position in North...

Marriott to add 19 properties in its Middle East, Africa portfolio

Marriott International today announced it expects to add 19 new properties and more than 3,000 rooms to its Middle East and Africa portfolio in...

Marriott, Dur Hospitality open Riyadh Marriott Hotel Diplomatic

Marriott International and Dur Hospitality today announced the opening of Riyadh Marriott Hotel Diplomatic Quarter and Marriott Executive Apartments Riyadh, Diplomatic Quarter. The complex...

Marriott announces opening of Four Points by Sheraton Setif in Algeria

Marriott International announced the opening of Four Points by Sheraton Setif in Algeria in partnership with Prombati SPA owned by Mr. Rachid Khenfri. With...

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