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Begez Business Group has given the management contract of a G+12 building in the Bole Atlas area to Louvre Hotels Group. They will open a hotel named Royal Tulip Plaza Addis Ababa Hotel – Luxury Style Collection.

Ozzie Business and Hospitality Management Group, successfully facilitated the negotiation of the two parties. The negotiation took over a year.

According to the contract agreement Louvre Hotels Group, the international hotel chain that operates the well-known global brands of Royal Tulip, Golden Tulip and Tulip Inn will manage Royal Tulip Plaza Addis Ababa Hotel for the next 20 years.

The 480 million birr hotel which lies on 1,400 square meters will create job opportunities for more than 220 citizens.

The development of this hotel project incorporates 88 rooms with an expansion plan and offers a multitude of high-end services of fine dining restaurants, spas as well as conference facilities.

During the signing ceremony, Alain Sebah, President of Golden Tulip for French-Speaking Africa and East Africa said “the tourism sector, especially business tourism, is experiencing strong growth in this region. Our goal is to be there for our clients, namely key accounts, wherever their business takes them in Africa, with quality hotels offering facilities and services to support growth and upgrade the quality of leisure and business tourism.”

Sebsebe Teklu, CEO of Begez Business Group is also optimistic that their investment will add to the growing hospitality industry. “We are exhilarated to start our first hotel with Louver Hotel group and are passionate about enhancing the level of the hospitality industry in Ethiopia with our first luxury style hotel” he said.

Kumneger Teketel, Managing Director and Consultant of Ozzie Business and Hospitality Management Group said the company is delighted about mediating the agreement between the two parties, realizing the project, and further continuing its reputation of helping international hotel standard brands join the Ethiopian market.

Established in 1987, Begez Business Group is a conglomerate that operates in Ethiopia in diversified areas including import export business.

Louvre Hotels Group is a major player in the worldwide hotel sector, currently boasting about 1,175 hotels for a total capacity of nearly 100,000 rooms in 51 countries. It features a comprehensive hotel offer ranging from 1- to 5-star and including 6 brands: Première Classe, Campanile, Kyriad, Tulip Inn, Golden Tulip and Royal Tulip. Louvre Hotels Group is a subsidiary of Jin Jiang International Holdings Co., Ltd., one of China’s largest tourist and travel conglomerates.

In 2014 Golden Tulip hotel also opened in Bole Medhanealem area which is administered by Louvre Hotels Group.