Hospitality for Athletes

A new recreation facility, Yaya Village, entered the hospitality business of Ethiopia. The village is built by an Ethiopian born Canadian businessperson in association with Ethiopian athletics icons. The facility began operating after two years of construction. The project is expected to cost 80 million birr when the project concludes. In its first phase the village consumed 18 million birr.
The recreation village which is located some 11 kilometers North of Addis Ababa on the way to Sululta lies on 50,000sqm which Yaya Africa Village Plc received from the city administration on a lease basis. It has a hotel, athletics and recreational facilities. According to the information obtained from the founding share holder and former athlete, Joseph Kibur, the hotel has 30 beds currently which he claims are the same quality as a  four star hotel. The gym is 250sqm while it has a 700sqm roof top terrace.
In addition to rooms, the facility has various amenities both for athletes and non athletes including a restaurant, bar, gym, steam bath, sauna, horse riding, foot ball field, running lanes and kids play ground.
The company targets athletes. It provides a high altitude training package which includes accommodation, food, a running guide, and use of all other facilities starting from 55 dollars per day. It has also arranged special rate for local athletes to be able to use the facility on daily basis at a monthly rate of 550 birr.
The company is formed by four athletes. These are Joseph Kibur, Haile Gebreselassie, Belay Welasha and Temesgen Alemun. Joseph owns 90 percent of share while Haile owns five percent. 
The company has already entered in constructing the second phase of the project which includes a swimming pool, tennis court, mini golf and a hotel.
The recreation facility which is aimed at creating a world class training facility for athletes both locally and internationally has already created 50 job opportunities.