FULL TEXT: Meikles Hotel Sold To Dubai’s Albwardy Investments

Meikles Hotel has been sold to Dubai’s Albwardy Investments for US$20 million. The new owners take control on March 1.

The five-star hotel which has 312 rooms in 2 luxurious multi-storey wings is located in the central business district of Harare, Zimbabwe.


Introducing the Pindula News Mobil App
Download from Google Play Store

The Dubai based, Albwardy Investments which operates hotel brands such as the Hyatt and Four Seasons will take over both the hotel premise and management through its special purpose vehicle Choicebrands which is incorporated in Zimbabwe.

The Competition and Tariff Commission (CTC) approved the sale of Zimbabwe’s renowned five-star hotel, Meikles Hotel in June last year saying that the merger will not lead to the acquisition of market power and the removal of an efficient competitor.

 

Join WhatsApp & Telegram News Groups:

WhatsApp Group: https://chat.whatsapp.com/D4vbg5RLhkbFfVyMdu8rLi


Telegram Group: https://t.me/pindula

Back to top

Write a Comment

Your email address will not be published.


Share Full Post

Nyaradzo logo

RSS Recent Profiles Created

Satisfaction survey
How likely is it that you would recommend Pindula News to a friend or colleague?
SuggestionsHow can we improve?
You have already submitted your feedback. If you would like to add more feedback please write us on hello@pindula.com.