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.

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

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

McKibbon Hospitality manages the 200-room Hyatt House Chicago/West Loop-Fulton Market.

The Four Seasons Hotel San Francisco at Embarcadero will replace the Loews Regency San Francisco in 2020.

As much as sustainability is deemed a goal to satisfy consumer demands, the main concern remains the impact it will have on profitability.