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[Dec 2017] ADM Business Plc Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Hotels Investment Forum Spawns Agreement for Eleventh International Brand

The Fifth Africa Hotels Investment Forum (AHIF) has seen Nibras Hotel Plc, a local company, and Accor Hotels Group signing a technical assistance and management agreement for the hotel which will be established in a building currently being constructed near Banco di Roma at Piazza.

This agreement signed on Thursday October 1, 2015, followed another international agreement signed between Sunshine Business Plc and Hilton Worldwide on September 29, 2015.

The Nibras-Accor deal, for the Novotel brand, was facilitated by Calibra

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New Agreements to Increase Addis Abeba’s International Hotel Brands to Double Figures

Four hotel management agreements were signed last week, which could push the total number of international branded hotels in Ethiopia up to 10. These were in addition to two agreements signed last weekend, with all six agreements negotiated by Calibra Hospitality Consultancy & Business Plc on behalf of the Ethiopia companies.

The agreements involve the local companies Eniy General Business, ADM Business Plc, Great Abyssinia Plc and Noah Real Estate, alongside the international companies – Accor Hotels Groups, Wyndham Hotels

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