Kingdom Hotel Investments puts Mövenpick in Ghana up for sale

Kingdom Hotel Investments, founded by Prince Alwaleed Bin Talal Bin Abdulaziz Alsaud, is putting its Mövenpick Ambassador Hotel Accra, in Ghana, is reportedly now putting the hotel up for sale. The hotel opened in 2011 and is reportedly being marketed by Jones Lang LaSalle Property Consultants.

The hotel, built on the site of the historic Ambassador Hotel, has 260 guestrooms & suites, five dining venues, extensive conference space and recreational facilities.

Virtual Event

HOTEL OPTIMIZATION PART 2 | SEPTEMBER 10 & 24, 2020

Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.


The Ambassador Hotel, as Ghana Web reports, was originally presented to the Government of Ghana as a gift on securingf independence in 1957. It was redeveloped in 2011.

The property is surrounded by the city’s core government, business and cultural districts.

Additionally, the property is complemented by an adjoining 10-story building containing 10,000 square metres of retail and office space.

Suggested Articles

Hotel Equities transitioned and assumed operations of The Witness Group’s portfolio earlier this month.

During a conference call hosted by advocacy organization Economic Innovation Group, industry leaders emphasized the need for immediate fiscal help.

The deal would have had NHT Operating Partnership acquire all of the outstanding equity interests of Condor via a merger valued at $318 million.