Mauritius based QG Africa Hotel LP, managed by Quantum Global Investments Africa Management Ltd. has acquired the Mövenpick Ambassador Hotel Accra from Kingdom Holding Company (KHC).

The transaction which closed on 28 December 2016 marks the most sizable open-market hotel transaction in sub-Saharan Africa to date.

Sitting on a spectacular 16 acres (6.5 hectares) site of landscaped gardens in Accra’s Central Business District, Mövenpick Ambassador Hotel Accra comprises extensive food and beverage as well as conference facilities making it the largest 5-star conference hotel in Ghana.

The property is also complemented by retail as well as office facilities that form part of a unique environment, valued by tenants as well as hotel guests.

QG Africa Hotel LP is a USD 500 million investment vehicle which aims to capitalize on the emerging opportunities in the hospitality sector.