Construction Cost, Owners / Shareholders of Hotels and Buildings in Ethiopia
This is just a compilation of construction cost of different hotels and buildings in Ethiopia. It's hard to compare the figures below since the exchange rate of ETB has changed considerably in the last 20 years. Some figures are written in USD while some are in ETB.
For example, Sheraton Addis cost around 200 Million USD on 1998 which at the time will be less than 1.4 Billion Birr if the exchange rate of ETB was 7 against the USD. At the time of writing this post (October 2015), the exchange rate of ETB is around 21 compared to USD. So, Sheraton addis might cost 4 Billion Birr or more right now. (October 2015)
Sheraton Addis - 200 Millions USD (1998)
Owned By Sheik Mohamed Hussein al Amoudi
Elilly International Hotel - 700 Million Birr (35 Million USD)
Owned by Gemshu Beyene who also owns Gemshu Beyene Construction Plc (GEBCON)
Belle Vue International Hotel - 200 Million Birr (10 Million USD)
Owned by Meriem Jemal, two-time world champion and Olympic champion, and her husband Yewondwossen Disso
Yobek Commercial Center - 360 Million Birr (18 Million USD)
Owned by Berhane Giday who is also constructing Two 5 Star Hotels in Addis Ababa and Mekelle
Capital Hotel and Spa - 720 Million Birr
Owned by Yemane Gebreselassie, who is also the owner of Hosea Plc
More to come.