InterContinental Hotel Group Unveils Ethiopian Branch

  Busayo Investors, Markets

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VENTURES AFRICA – British multinational hotel company, InterContinental Hotels Group (IHG) is expanding its business in Africa with the launch of a 210-key hotel in Addis Ababa, Ethiopia, bringing its African total to 13 countries.
The hotelier said it has signed a management deal with Tsemex Hotels and Business Plc to develop its “Crowne Plaza” brand of hotel in the Ethiopian capital city.
It will be strategically located close to the headquarters of the United Nations Economic Commission for Africa, the African Union headquarters and the United Nations Convention Centre. And will also have seven large meeting rooms, a ballroom, a boardroom and
other facilities like the health club and spas.
Pascal Gauvin, IHG CEO for India, Middle East and Africa, said the hotel is currently developed to exploit the growing inflow of tourists and foreigners, particularly with the Bole International Airport now serving almost 20 million passengers yearly.
“Addis Ababa has great potential for tourism but is currently under-supplied in catering to business travellers and meetings and events,” he said.
With presence across 12 African countries, IHG currently has 29 hotels, under five popular brands. These brands include Holiday Inn Express, Crowne Plaza, Holiday Inn, InterContinental, and Staybridge Suites.