Latest News
Radisson Hotels signs six new deals to expand presence in Africa
News Highlight
The Abuja property, Radisson’s first hotel in the city, is a 258-room hotel, scheduled to open in 2024.
Radisson Hotel Group, an international hotel chain headquartered in the United States, has announced six new hotel signings in Africa as it aims to expand its brand and further strengthen its presence on the continent. According to a statement on Tuesday, the additional hotels will bring its total African portfolio to nearly 100 hotels across 32 African markets.
The six new hotel signings are Radisson Blu Hotel Abuja City Centre, Nigeria; Radisson Collection Hotel Bamako, Mali; Radisson Hotel Addis Ababa, Ethiopia; Radisson Hotel and Apartments Accra, Ghana; and Radisson Hotel and Convention Centre Johannesburg, O.R. Tambo and Park Inn by Radisson, Durban International Airport, Dube, both in South Africa. The hotel group said the new deals re-affirm a commitment to its ambitious five-year development plan.
“The new hotel announcements include our debut in new markets, the introduction of additional brands and the strengthening of our presence in cities we’ve identified for scaled growth. We thank our hotel partners for their invaluable trust in Radisson Hotel Group and its people,” said Elie Younes, Executive Vice President and Chief Development Officer of Radisson Hotel Group.
The Abuja property, Radisson’s first hotel in the city, is a 258-room hotel. Scheduled to open in 2024, the hotel will have five different food and beverage outlets, according to the statement released today. This will be additional to the existing nine hotels in operation and under development in Nigeria.
The 200-room Bamako hotel, the first Radisson Collection hotel to open in Africa, is scheduled to open within the next six months. Radisson said its new Addis Ababa property, scheduled to open in 2021, will be its fifth hotel in Ethiopia.
Meanwhile the property in Accra is scheduled to open in 2023, following a full renovation of an existing 121 room hotel and construction of an additional tower, which will create a mixed-use development. The group said its two new properties in South Africa – the hotels in O.R. Tambo and Dube – will open in 2020 and 2022, respectively.
“We aim to further accelerate our presence across the continent through conversions, especially as liquidity remains a critical challenge,” said Ramsay Rankoussi, Radisson’s Vice President, Development for Africa and Turkey. “We have revisited our brand architecture to enable us to quickly integrate existing hotels to our network. This strategy will be reinforced as our brands continue to demonstrate a better value proposition to our owners.”
Radisson Hotels said it has more than 1,400 hotels in operation and under development in 120 countries across its seven hotel brands.
Related News
Latest Blogs
- CBN is fighting inflation instead of stagflation
- Why electricity privatization failed (2)
- How net metering can boost embedded power generation
- Adaora Umeoji and gender in Nigerian banking leadership
- Is protest an endangered human right of Nigerians?
Most Popular News
- IFC, partners back Indorama in Nigeria with $1.25 billion for fertiliser export
- Ali Pate to deliver keynote speech at NDFF 2024 Conference
- Univercells signs MoU with FG on biopharmaceutical development in Nigeria
- CBN settles backlog of foreign exchange obligations
- CBN increases capital requirements of banks, gives 24 months for compliance
- Euromonitor forecasts Sub-Saharan Africa GDP to grow to $4.5trn by 2040