Mauritius-Based Firm Acquires Movenpick Hotel
A Mauritius-based investment fund has acquired the Movenpick Ambassador Hotel Accra from Kingdom Holding Company (KHC). The transaction, according to a press release by the new owners, Quantum Global Investments Africa Management Ltd, was closed on December 28, 2016. The transaction marks the most sizable open-market hotel transaction in Sub-Saharan Africa, notes Quantum Global. “Complementing … Read more