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Ethiopia: InterContinental Concluded Agreement with Ethiopian Firm

InterContinental Hotels Group (IHG) concluded a management agreement with an Ethiopian company, Tsemex Business Plc, for the purpose of developing Crowne Plaza Addis Ababa. This is said to represent the IHG’s entry to Ethiopia.

According to Walta Information Center, Crowne is situated at a place where it has most landmarks, such as African Union headquarters, African Union Convention Centre, the headquarters of the United Nations Economic Commission for Africa and the United Nations Convention Centre, near to it.

The new hotel is said to organize an all day dining restaurant, a specialty restaurant and a bar. It will also have a health club and spa, or kick back with a drink at the bar by the swimming pool.

In addition to these, the hotel is said to have a range of meeting facilities that incorporate a boardroom, seven large meeting rooms and ballroom for larger events. It will further include a business center which is available to guests from require access to business facilities on the go.

Speaking on the occasion Pascal Gauvin, Chief Operating Officer, India, Middle East and Africa, IHG, said: “Addis Ababa is evolving at pace, with infrastructure such as the Bole International Airport now serving almost 20 million passengers a year”. “We’re always on the lookout for the right partner to grow our brands in the right location. Now we’re bringing Crowne Plaza to a new country with Tsemex Hotels and Business Plc,” he furthered.

The Chief Operating Officer commented Crowne Plaza Addis Ababa will be a strong addition to the brand and it will take the Group’s presence in Africa to 13 countries of the continent.

Tsemex’s Managing Director, Rezene Ayalew, on his part noted “We own a number of real estate developments and with this being our first venture into hospitality, we couldn’t have asked for a better partner to embark on this project with”.

He furthered to explain how much of a great potential the capital city has with regard to catering to business travelers and meetings and events. “The Crowne Plaza brand comes highly recommended with a unique positioning for the business market and we believe this is the right brand to bring into our vibrant city,” he said.

Source: Walta Information Center