Ghana’s Movenpick Ambassador Hotel acquired by a Mauritius based firm

Ghana’s Movenpick Ambassador Hotel acquired by a Mauritius based firm

The Movenpick Ambassador Hotel that is based in Accra, Ghana and acquired by Kingdom Holding Company (KHC) is now officially managed by A Mauritius based investment fund- Quantum Global Investments Africa Management Ltd.

The transaction of the property was conducted and closed on 28 December 2016 and this marked the most sizable open-market hotel transaction in Sub-Saharan Africa to this date.

Quantum Global’s Group CEO, Jean-Claude Bastos de Morais confirmed the reports and said that the acquisition of the hotel which is among the best in the region is one of the most successful initiatives in the sub-Saharan Africa.

Also read:Mövenpick Hotels & Resorts to construct first property in Kenya

“The acquisition of the Movenpick Ambassador Hotel Accra is one of sub-Saharan Africa’s most successful hotels and this is a great testament to the strength of our Hotel Fund and its growing portfolio. The hospitality industry across Africa is an indicator of the vitality and attractiveness of key locations across the continent and we look to further take advantage of those opportunities and generate value added returns for our investors,” said Jean-Claude Bastos de Morais.

The mega hotel sits on an impressive 16 acres of land site of landscaped gardens in Accra’s Central Business District; Movenpick Ambassador Hotel Accra offers extensive food and beverage with chic rooms having vivid decor all featuring free Wi-Fi, flat-screen TVs, laptop-sized safes, and tea and coffeemakers; upgraded rooms include executive lounge access, some suites have balconies and living rooms; upgraded suites have kitchens and dining rooms.

There are also conference facilities making it the largest 5-star conference hotel in Ghana. Moreover, the hotel is also complemented by retail as well as office facilities that attract valued tenants and hotel guests.

The hotel has been able to demonstrate an outstanding growth through the highly-rated and reliable delivery of world class hospitality facilities to its international and local customers.

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