Press Releases

March 1, 2012

RIU and Tikida Group to Develop 444-room Riu Palace Tikida Agadir in Morocco

The Riu Palace Tikida Agadir, an All Inclusive beachfront property of 444 rooms, will be located next to ClubHotel Riu Tikida Dunas, Riu Tikida Beach and Riu Grand Palace Tikida Golf, and will be the fourth resort from the Spanish hotel chain in Agadir.

RIU

Agadir, Morocco

February 24, 2012

Rezidor Announces The Radisson Blu Hotel Conakry, Guinea

The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces the Radisson Blu Hotel Conakry in Guinea. The property featuring 249 rooms is scheduled to open in 2014.

Guinea

February 8, 2012

Marriott International Announces First Hotels in Gabon

Marriott International (NYSE: MAR) announced today that it has signed agreements with Prime Hospitality S.A. to manage its first two hotels in the Central African nation of Gabon: an upscale, 250-room Marriott Hotels & Resorts branded hotel and a 40-unit Marriott Executive Apartments extended stay hotel in Libreville. The Libreville Marriott Hotel and Marriott Executive Apartments, expected to open in 2015, will be located on a prime waterfront site in Libreville's central business district. The hotels will be in close proximity to the Presidential Palace, US Embassy, French Embassy, international airport and sea port.

Libreville, Gabon

December 22, 2011

Courtyard by Marriott Announces Its Second Hotel in Algeria

Marriott International, Inc. (NYSE: MAR) announced today the development of the 198-room Courtyard by Marriott Setif, Algeria, under management agreement with ownership group Prom-Bati SPA (president is Mr. Rachid Khenfri). The hotel will be part of the Park Mall mixed use development, located in the heart of Setif, a prosperous and diverse city in central Algeria, about 100 kms/62 miles from the Mediterranean coast and 482 kms/300 miles southeast of the capital Algiers. The Courtyard by Marriott Setif and the Courtyard by Marriott Algiers, announced previously, will both open in 2014.

Why Hospitality Net Leads B2B in Hospitality

Setif, Algeria

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Press Release Markets & Performance

November 8, 2011

Mövenpick Hotels & Resorts Enters West Africa

Mövenpick Hotels & Resorts has announced the official opening of the 260-room Mövenpick Ambassador Hotel in the Ghanaian capital Accra. Originally built and presented as a gift by the United Kingdom to Ghana after gaining independence in 1957, the completely rebuilt Mövenpick Ambassador Hotel Accra is ideally located downtown in the central business district, close to Government ministries, major financial institutions, Accra International Conference Centre and only 7km from Kotoka International Airport.

Mövenpick

Accra, Ghana

September 21, 2011

Oversupply Impacts South Africa Hotel Performance

Hosting the FIFA World Cup in June and July last year gave South Africa the opportunity to show the world its outstanding natural beauty and hospitality. Many new hotels were opened to cope with the spectators, country delegations, media, etc., and a year later the influence of this overbuilding is impacting hotel performance, according to data from STR Global, the leading provider of market data to the world's hotel industry.

STR Global

South Africa

September 19, 2011

Hotel Investment Conference Africa: Destination Morocco

"Tourism is a major contributor in the Moroccan economy being the second contributor in national GDP and first contributor of foreign currency reserves. This has been mainly driven by an important investment dynamic in the tourism sector, averaging 45% of total investment agreements signed over the past decade" Yassir Zenagui, Minister of Tourism & Handicraft, Morocco.

The Bench

Morocco

September 14, 2011

Marriott International Enhances its Lifestyle Collection of Hotels in the Middle East & Africa with the Opening of the Renaissance Tlemcen Hotel

Newly opened in the city of Tlemcen, a city steeped in the arts and history, the Renaissance Tlemcen Hotel offers panoramic views of the city from the exceptional viewing point of Plateau Lalla Setti. The new building, designed with an Arab-Moorish feel, rests perfectly within the context of the architectural tradition of the region, offering 204 luxuriously equipped rooms and suites. Customers may also enjoy the hotels unique amenities which include a fine dining restaurant, swimming pool, fitness center, Spa, Hammam and outdoor tennis court. The New York Times recently noted the exceptional richness of Tlemcen as a destination by including it as one of the most exciting places to visit in the world for this year. A cool climate in the mountains, and centuries of history and culture give the city a unique combination of music and art, handicrafts and textiles, in addition notable architecture, including the Great Mosque at Tlemcen, completed in 1136.

Algeria

September 13, 2011

Rezidor announces the Park Inn Hammamet in Tunisia

The Rezidor Hotel Group, one of the fastest growing hotels companies worldwide, announces a new mid-market hotel in Tunisia: The existing Hotel Riu Park El Kebir will be re-branded as Park Inn Hammamet and open in Q2 2012 following a full renovation. It will be Rezidor's third hotel in the country - the group is already operating the Park Inn Ulysse Resort & Thalasso and the award winning Radisson Blu Resort & Thalasso in Djerba.

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Hammamet, Tunisia

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August 30, 2011

Hilton Worldwide Signs Deal For First Hotel In Sierra Leone

The new property, Hilton Freetown Cape Sierra, will be located in Freetown, Sierra Leone's capital and the economic and financial heartland of the country. The new property, Hilton Freetown Cape Sierra, will be located in Freetown, Sierra Leone's capital and the economic and financial heartland of the country.

Hilton

Freetown, Sierra Leone

August 15, 2011

Hyatt Regency Dar Es Salaam, The Kilimanjaro Debuts as First Hyatt-Branded Hotel in Tanzania

Located in East Africa, just south of the equator along the Indian Ocean, Hyatt Regency Dar Es Salaam, The Kilimanjaro features 180 rooms, including 18 suites, 2 restaurants and 3 bars, more than 900 square meters of meeting and event space, including a 400 meter ballroom and 9 banquet rooms, along with a spa, outdoor infinity pool and fitness center.

Hyatt

Dar Es Salaam, Tanzania

August 11, 2011

Hilton Worldwide Announces First Hotel In Chad

As the commercial, financial and educational centre of the Republic of Chad, N'Djamena attracts high numbers of government visitors and overseas business travellers, particularly those from the energy sector. Tourist numbers are also rising, with travellers seeking out the country's natural attractions including the Ennedi desert, Tibesti Mountains, Lake Chad and the world famous 3000-sq km Zakhouma National Park, described as one of the last bastions for wildlife in central Africa.

Hilton

Chad

August 5, 2011

Marriott International Announces Its First Hotel in Benin

Marriott International announced today that it has signed an agreement with SHRL-Benin SA to manage an upscale, 200-room, full-service Marriott Hotels & Resorts-branded hotel in Cotonou, Benin that is planned to open in 2013. It will be the third Marriott International-branded property in sub-Saharan Africa.

Cotonou, Benin

May 31, 2011

Investor Optimism Grows for African Economies

Over the last couple of years there has been a dramatic change in the way many investors are looking at the African continent as a place to do business. And the foundations of many of the African markets are proving a solid footing for many companies not traditionally involved in this region. Why? The returns are high and look increasingly sustainable for the medium to longer term.

The Bench

Casablanca, Morocco

May 6, 2011

Rezidor announces two new Park Inn by Radisson hotels in Africa

The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces two new Park Inn by Radisson hotels in Africa: The Park Inn Polokwane in the South African province Limpopo will feature 160 rooms and is scheduled to open in Q1 2013. The Park Inn Nairobi Westlands in Kenya will add 126 rooms to Rezidor's pipeline and welcome the first guests in Q4 2013.

South Africa

April 26, 2011

Rezidor announces the Park Inn Lagos, Apapa in Nigeria

The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces its 7th hotel in Nigeria: The Park Inn Lagos, Apapa featuring 125 rooms is already under construction and scheduled to open in Q1 2013.