Lakeside Ethiopian hotel on the market

In Addis Ababa, Ethiopia, the Privatization and Public Enterprises Supervising Agency is set to sell the last property amalgamated with the former Wabi Shebelle Hotels Enterprise located on Langano Lake.

According to Ethiosports, the agency transferred the main Wabi Shebelle Hotel to the grand children of the late Emperor Haile Selassie, the original owners of the urban hotel, several years ago. Since the main office of the hotel enterprise was returned to the owners, the Langano Wabi Shebelle Hotel was transferred to be managed by Filwoha Hotels Enterprise. Most of the branch hotels of Wabi Shebelle Hotel Enterprises, located in the southern part of the country, were privatized before 2010, while the main branch located in the environs of Mexico Square, was transferred back to its original owners in 2010.

According to Wendafrash Assefa, Public Relation Head of PPESA, the lakeside hotel is one of the public enterprises listed down in a roaster of properties up for privatization in this fiscal year.

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