The African market seems to attract the interest of many top-tier hospitality groups such as Radisson Hotel Group and Marriott International. Indeed, both groups announced the expansion of their portfolio in this region.
IHG Hotels & Resorts has signed franchise agreements with Msafiri Limited to rebrand three properties across Tanzania and Kenya under the brands Holiday Inn and Crowne Plaza.
A secret company registered in the British Virgin Islands will make a joint bid with private equity Actis in the Sh1 billion deal to buy Nairobi’s Fairview Hotel, Town Lodge and City Lodge Two.