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.

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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.

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The furloughs will affect those at its domestic owned properties as well as its corporate staff.

The company is reducing its corporate workforce 40 percent to approximately 100 full-time-equivalent employees.

As of April 2, more than half of Accor’s branded hotels were closed worldwide, a portion the company said could grow to two-thirds in coming weeks.