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

Wyndham Inks 3 Hotel Deal with Santa Maria Group Hotels

Abel Sahlemariam Santa Maria Construction PLC Ethiopia Wyndham HotelsThe Wyndham Hotel Group has signed a 15-year management agreement for three hotels. This pushes the total number of hotels managed by the group in Ethiopia up to four, including the recently opened Ramada Addis – a five-star hotel in the capital.

The three new

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Intercontinental, Louvre Hotel Groups Venture to Ethiopia

Tsemex Hotels & Business Plc, the World Bank’s International Finance Corporation (IFC) and Intercontinental Hotels Group (IHG) are expected to sign agreements for a loan of 9.5 million dollars to introduce to Ethiopia an Intercontinental Hotels group brand called Crowne Plazza. The initiative is already facing a court battle over its name by Crown Hotel, an Ethiopian hotel that has already been in business in Addis Abeba for years.

However, the IHG website says that it has already signed a management agreement with Tsemex, on a

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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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