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Projet pullman
The construction of a high-end business hotel complex in Addis Ababa will provide accommodation for business clients and support the tourist industry.
Client presentation

ENYI Hotel PLC is an SPV dedicated to the project and owned by ENYI Group, a diversified player operating in Ethiopia in the construction, furniture production and flower sectors.

Project description

Financing for the construction of a hotel with 330 rooms in Addis Ababa, which will be operated by Accor via its upscale corporate brand Pullman.

Project impact

The project will (a) strengthen the attractiveness of Addis Ababa, which is suffering from a shortage of hotel accommodation (b) speed up the transfer of know-how between international and local contractors (c) create 400 jobs during the operational phase and (d) improve building standards with a client engaged in an EDGE certification process.

15/08/2017
Date of signature of the project
Ethiopia
Location
Financing tool
13 000 000 Euros
Amount of funding
Loan of USD 15 M
Financing details
Enyi Hotel PLC
Client
CES