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French multinational to build three new hotels in Ethiopia (globalconstructionreview.com)

In a sign of growing optimism in the fast-developing economy of Ethiopia, French multinational AccorHotels will open three new hotels in the capital, Addis Ababa (pictured), in partnership with Ethiopian investors.

Scheduled to open between 2019 and 2021, the two Ibis-branded hotels and one Mercure will between them add 527 rooms to the city, which is still celebrating its new railway to the Indian Ocean via Djibouti.

The group’s Middle East and Africa chief executive Steven Daines said the new hotels would “help build a leadership for AccorHotels across segments on this promising and fast growing market”, reported NewBusinessEthiopia.com. [...] MORE