Fretsega Real Estate & Construction has partnered with Dusit International Hotels and Resorts and they are in the final stage of bringing a Dusit Thani resort to Ethiopia, with a $150 million dollar investment.
The agreement was signed three weeks ago after a year-long negotiation between the property developer and the Thailand-based international chain hotel was concluded. Ozzie Business and Hospitality Group facilitated the deal negotiating on behalf of the local property developers.
The resort will have a total of 358 rooms including 58 bungalows, rooms with a swimming pool and garden, eight meeting halls with a capacity of holding 100 to 1,200 people and a playground for children. It will also feature a spa fitness centre and a wellness centre.
A unique feature of this hotel will be the area it is going to lie on. The owners of the hotel have acquired a 400,000 square meter plot of land in Legadadi, Oromia Regional State, 23km from Addis Abeba.
GERETTA Consulting Architects and Engineers Plc created the architectural design of the hotel, Getaneh Retta, general manager of the company, confirms to Fortune. GERETTA engages with architectural design, project supervision and contract administration of projects and it has previously executed the Oromo Cultural Centre, Snap Plaza, the Burkina Faso Embassy and Zefmesh Grand Mall, among others.
The hotel is expected to be operational after four years, and the construction will be launched in October 2017. Currently, the landscape clearing of the land is underway.Ê
The hotel will have nine two-storey buildings, and each room will lie on 40sqm.
