Recent high-profile transactions in the Sub-Saharan Africa hotel sector have industry experts predicting increased liquidity, leading to more open-market transactions in the future.
The landmark sale of the Mövenpick Ambassador Hotel Accra demonstrated sophisticated investment strategies and increased regional and international investment interest in Africa’s hotel sector.
In the past, hotel transactions on the continent might have been kept quiet. However, just since late December 2016 and into 2017, there have been several major hotel deal announcements.
JLL Africa, the regional subsidiary of global real estate advisory firm Jones Lang LaSalle (JLL), facilitated the $36 million sale of the Hyatt Regency Johannesburg to a Middle Eastern investment group in February 2017.