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Katara Hospitality and AccorHotels,have announced an investment of over USD 1bn dedicated to hospitality development in various Sub-Saharan African countries.
The fund will be up to USD 500 million in equity, of which Katara Hospitality and AccorHotels will contribute up to USD 350 million and USD 150 million respectively over the next 5-7 years.
The development fund will target greenfield projects, brownfield projects and conversions of existing hotels through acquisitions, in a region which offers robust growth opportunities.
Approximately 40 hotels will span across the wide range of internationally renowned brands of AccorHotels, from economy to luxury segments, including residences.
With this initiative, Katara Hospitality and AccorHotels aim at creating the largest sustainable hospitality fund dedicated to Africa, bringing job creation, training and local supply chain.
Katara Hospitality is a global hotel owner, developer and operator, based in Qatar, with more than 45 years’ experience. Katara Hospitality currently has 39 hotels in its portfolio.
AccorHotels is a world-leading travel & lifestyle group and digital innovator offering unique experiences in more than 4,300 hotels, resorts and residences across 100 different countries.
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We just booked our QATAR 🇶🇦 HÔTEL yesterday for 2 différent short stars of 2 nights and 3 nights for the Final… https://www.14sb.com/fifa-world-cup-hotels.html . Not exactly cheap but ok price for 4.5 Stars luxury and in Doha Center City! Thanks and Good Luck everyone! Vamos MEXICO!
Wow! Stunning! Hilton seems to be taking Africa by storm. Just a couple of years back, they opened the first ever in Eswatini.
Wonderful event and topics discussed, hopefully we see the manifestations in our African airline businesses in the nearest future. Kudos to you all.
Hi, I'm Lucy. Please how do I embark on my travel/ tour business. I am newbie and help..
Prices in the Sol Torremolinos Don Pablo are the same than two weeks ago.
Good location astounding but the staffs are rude and they make me wait so long for the service. They charge me more than what is on the website and did not refund me the manager is not helping with the issue
WoW. Amazing Review. 👍
I spent the holidays here, I don't know why but during the holidays their reception smells like a piss Id rather not spend my special occasions here
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