Close Menu
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram LinkedIn
Nairobi Business Monthly
Subscribe
  • Briefing
    • Cover Story
    • Latest News
    • Counties
  • Politics
    • Society
  • Special Reports
    • Companies
    • Enterprise
    • Money
    • Technology
  • Columns
  • Dispatches from China
  • Member Content
    • Shop
  • Contact Us
    • About us
Nairobi Business Monthly
Home»Briefing»QG Africa acquires InterContinental Lusaka
Briefing

QG Africa acquires InterContinental Lusaka

EditorBy Editor4th May 2016Updated:23rd September 2019No Comments2 Mins Read
Facebook Twitter WhatsApp Telegram Email
Share
Facebook Twitter WhatsApp Telegram Email

QG Africa Hotel LP, a Mauritius-based fund managed by QG Investments Africa Management Ltd, a company of the Quantum Global group has acquired 100% interest in the Hotel Lusaka from Kingdom Hotel Investments for a gross consideration of $35.9 million. The transaction closed on 31 March 2016.

Considered a city landmark, the InterContinental Hotel Lusaka is situated at a prime location in Zambia’s capital. The 244-room hotel benefits from a strong image amongst international travellers, and offers significant repositioning and expansion potential.
Commenting on the acquisition, Jean-Claude Bastos de Morais, Founder of Quantum Global said, “I’m very pleased with this first acquisition of QG Africa Hotel LP. It underlines our commitment and investment strategy for the hotel sector in Sub-Saharan Africa. The InterContinental Lusaka is strongly established locally and will benefit from the planned refurbishment that will expand and reposition the asset, thereby generating value added returns for our investors.”

Strong economic growth supported by a more transparent and relatively stable political climate has been attracting an increasing number of international business travellers to Africa, while also boosting cross-regional business traveling. These trends are driving up steady demand for increased and better business
hotel accommodation across sub-Saharan Africa.

The Nairobi Law Monthly September Edition

QG Africa Hotel LP is a $500 million investment vehicle, which aims to capitalize on the emerging opportunities in the hospitality sector. As a long-term direct equity investor in hotel projects across sub-Saharan Africa, the investment structure targets real estate and real estate-related investments in midscale to upscale business hotels. These are built to high quality international standards, with modern construction and design, and aim to respond to the growing need for hotel accommodation in sub-Saharan Africa. The investment structure seeks investment opportunities in established growth markets, with a particular emphasis on prime locations within the continent’s major cities and airports.

The Nairobi Law Monthly September Edition
Follow on Facebook Follow on X (Twitter) Follow on WhatsApp
Share. Facebook Twitter WhatsApp Telegram
Editor

Related Posts

Fatal crash halts traffic on Nairobi-Mombasa Highway

30th May 2025

VAT shake-up in Finance Bill 2025 threatens businesses, economists warn

29th May 2025

AfDB sees Africa becoming the world’s second-fastest growing region

29th May 2025

DTB posts strong profit growth amid strategic shifts

29th May 2025
Add A Comment

Leave A Reply Cancel Reply

The Nairobi Law Monthly September Edition
Latest Posts

Fatal crash halts traffic on Nairobi-Mombasa Highway

30th May 2025

TIFA poll: Most Kenyans reject broad-based govt over cost of living concerns

29th May 2025

VAT shake-up in Finance Bill 2025 threatens businesses, economists warn

29th May 2025

AfDB sees Africa becoming the world’s second-fastest growing region

29th May 2025

DTB posts strong profit growth amid strategic shifts

29th May 2025
The Nairobi Law Monthly September Edition
Nairobi Business Monthly
Facebook X (Twitter) Instagram LinkedIn
  • About Us
  • Member Content
  • Download Magazine
  • Contact Us
  • Privacy policy
© 2025 NairobiBusinessMonthly. Designed by Okii

Type above and press Enter to search. Press Esc to cancel.