Sovereign Hospitality to develop hotels in Ethiopia

02 September 2008
Sovereign Hospitality Holdings, a tourism and real estate investment company owned by the Kuwait-based Mohammed Abdulmohsin Al-Kharafi & Sons Company, is to establish two hotels in Ethiopia.

The company will invest more than $35m in the project. Both hotels are due to open in 2010.

The two hotels will be built in the capital Addis Ababa, and will be operated by Accor Afrique.

The two resorts will be the 118-room Novotel Hotel and the 154-room Ibis Hotel.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications