The Mövenpick Hotels & Resorts, one of the largest and most dynamic hotel groups worldwide, further strengthens its position on the African hospitality market: The Company adds Ethiopia to its growing portfolio across the continent with the introduction of Mövenpick Hotel Addis Ababa.
The Giant Swiss hospitality group has signed a 20 year management contract agreement with Yobek Electrical Enterprise at a ceremony held at Sheraton Addis Hotel on March 9 to open its first hotel in Addis .
Ozzie Business and Hospitality Management Group, successfully facilitated the negotiation of the two parties. The negotiation took place over two years.
According to the contract agreement Mövenpick’s G+13 Hotel will be managed for the next 20 years and the hotel which is under construction will be open in 2019.
The 1.2 billion birr hotel which lies on 6,000 square meters will create job opportunities for more than 200 citizens.
Besides 252 guest rooms, the property will offer a swimming pool, fitness center, and a number of food and beverage concepts. Extensive six meeting halls that can accommodate 1600 attendees, conference and banqueting facilities to cater to the needs of the domestic and regional market will complement the offer.
It will have 6 food and beverage restaurants and the parking space will hold 410 cars.
“We are committed to Africa. Our arrival in Ethiopia supports our strategic growth Africa a resource-rich and fast growing region with considerable potential for our core brand Mövenpick” said Andreas Mattmuller, Chief operating officer middle east and Africa of Mövenpick Hotels & Resorts
“We thank our partner, Yobek for their trust in us. Business relationships based on confidence, transparency and unbiased responsibility are crucial for Mövenpick. We always aim to follow a win-win approach with our partners to find creative, yet simple business solutions leading to our mutual success,’’ he added
Birhane Gidey, General Manager of Yobek Electrical Enterprise said that 60 percent of the building is completed and the rest will be completed in less than two years.
“We have the buildings and we are happy to work with people who have best experience across the world in the hospitality industry and we hope that our partnership will bring a good result for our country and for us.’’
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.
Mövenpick Hotels & Resorts hotel management company is headquartered in Baar Switzerland. They operate more than 80 properties, including hotels, resorts and Nile cruisers, with another 30 resorts planned or under construction across the Middle East and Asia.
The hotel chain serves 5.8 million people per year.
Yobek is involved in construction and in the import and export business and owns two factories. One of its factories produces electric conduits, electric controller boards and cables including PVC pipes. The other factory produces PP bags for agricultural products.