Ethiopia targeted by Accor Hotels

THREE ACCOR HOTEL BRANDS SET DATES FOR OPENING IN ADDIS ABABA

(Posted 16th February 2017)

AccorHotels, a leading global hotel operator, has reportedly entered into 3 partnerships with Ethiopian investors for the construction and management of 3 hotels in Addis Ababa.
A 162 room Mercure located in the vicinity of the United Nations Economic
Commission for Africa will be built by Tihnat Investments PLC and is expected
to open its doors in 2020. The hotel will include 156 standard rooms, 6 suites,
400 square meters of meeting and banqueting spaces, several restaurant and bar outlets, as well as a gym & spa.

A 135 room ibis Styles has been signed with Metro Hospitality Services PLC
enterprise. The hotel, also located near the UN headquarter and integrating full F&B
services and meeting spaces, should be completed by 2019.

Finally, a 230 keys ibis will also be managed by AccorHotels on behalf of Abay
Technic Trading. Located 200 meters from the Africa Union, the hotel, which
should open within 2021, will be one of the tallest building in the area with 22
floors. It will be built in accordance with the brand specifications, allowing
therefore, for an optimised use of space and a greater comfort for its clients. A
full F&B offering will be included in the hotel as well as 300sqm of meeting space.

Official signature ceremonies were held in the presence of newly appointed
Steven Daines and Olivier Granet, respectively CEO and COO of AccorHotels for
Africa & Middle East. Steven Daines declared after the ceremony ‘We are very
happy with the signature of these 3 projects representing more than 500 rooms that will help build a leadership for AccorHotels across segments on this promising and fast growing market by 2020, after the signature of a 330 rooms Pullman in 2014 and a 156 keys Novotel in 2015. AccorHotels has strong ambitions to maintain leadership on the continent by consolidating its position in West and North Africa and by boosting its development in East and Southern Africa. I would like to warmly thank our partners for their trust and confidence in building a successful partnership
‘.

These projects will bring an additional international branded offer into the Ethiopian
market, as well as a new segmentation, responding to the need for good quality and
reasonably priced hotel rooms in Addis Ababa which has been lacking for some time..
Already a leading operator in Africa, AccorHotels operates 111 hotels with 19,600 rooms across market segments from luxury to economy, across 21 African countries and employs more than 10,000 staff.

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