[2019-05-24] Radisson group may invest in hotel construction in Angola

Source: Macauhub

The international hotel chain Radisson Hotel Group may build five three-star hotels in Angola over the next few years, the development department director for southern sub-Saharan Africa said on Thursday.

Erwan Garnier, quoted by Angolan state news agency Angop, said that Angola is included in a group of eight priority countries, in which the group intends to open 50 hotels from 2022 onward.

The new hotels will join the more than 100 that the group has in 32 African countries, with the strategy for Angola focused on Luanda, “as it is the capital of the country,” and later expanding to other provinces such as Cabinda, Benguela and Namibe.

Meanwhile, the managers of international hotel chains Aleph Hospitality and Kasada Capital have asked for guarantees from the Angolan government to protect their business in the country.

Bani Haddad, founder and managing director of Aleph Hospitality and Olivier Granet, chief executive and managing partner of Kasada Capital Management, said they are interested in making long-term sustainable investments (30 to 40 years), but need guarantees of security in the sector.

Aleph Hospitality, founded in 2015, is a hotel management company and Kasada Capital Management is a hospitality investment platform with applications and assets in sub-Saharan Africa.