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Friday brief: December 4, 2015

A new shareholder in the capital of the group Azalaï Hotels; also: Amba Hotel Marble Arch opens its doors in London, Gran Meliá Nacional Rio open for the Olympics, two Holiday Inn Express hotels in Kuala Lumpur...

A new shareholder enters the capital of Azalaï Hotels group

The investment fund West Africa Emerging Market Growth Fund (WAEMGF), backed by 38.5 million euros and managed by Phoenix Capital Management, now represents 6% of the capital in the African hotel group. Azalaï Hotels has already announced the forthcoming opening of two 4-star properties in Nouakchott in Mauritania, as well as in Abidjan in Ivory Coast. With 202 rooms on 13 floors, the latter will act like a flagship for the group, according to its founder Mossadeck Bally. Other addresses should open in Dakar (Senegal), Conakry (Guinea) and in Niamey, in Niger. This represents major growth for Azalaï Hotels whose current portfolio includes seven hotels in four West African countries: Bénin, Burkina Faso, Guinea Bissau and Mali.

Also in the news:

In London, Amba Hotel Marble Arch opens its doors.
This new 692-room property near Oxford Street and Hyde Park is the second in the Amba Hotels group following the Amba Hotel Charing Cross in October 2014. The group now operates a portfolio of 931 rooms at the heart of the British capital, between the West End and the Thames.

The Gran Meliá Nacional Rio will welcome its first guests for the 2016 Olympics.
Built in 1972 following plans the of the Brazilian genius Oscar Niemeyer, the Hotel Nacional will be renovated and will have 417 rooms including 52 suites. The property is likely to become the most prestigious address in the Meliá Hotels International collection in Brazil: the group currently operates 17 hotels, while three others are scheduled for 2018.

IHG signs two Holiday Inn Express hotels in Kuala Lumpur.
Scheduled for 2016, Holiday Inn Express Kuala Lumpur City Centre will be the brand's first in Malaysia and will offer 383 rooms. The Holiday Inn Express & Suites Kuala Lumpur Ampang, meanwhile will have close to 240 rooms and 60 suites. It is scheduled to open in 2018 in the financial district of the Malaysian capital.


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