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Brother of Ethiopian opposition opens one more hotel in Addis Ababa

Magnolia Hotel & Conference Centre becomes the latest entrant to the hospitality industry with an estimated cost of half a billion Birr, situated on Cape Verde Avenue, opposite the premises of the European Union Delegation to Ethiopia, in Bole District, Fortune Newspaper reported today.

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According to Fortune, The construction of the seven-storey Hotel took seven and a half years. Lying on a 1500sqm plot of land, the Hotel, whose soft opening launched yesterday, has 90 bedrooms, a fire-fighting system, four conference rooms, a health centre and a swimming pool.

Constructed by Saba Construction, a sister company, Magnolia is owned by Samson Nega, brother of Ethiopia’s G& Opposition leader Berhanu Nega and son of Nega Bonger, a prominent businessman in the hotel industry owning Semen Hotel, Embilta Hotel, Nega Bonger Hotel and co-owning Global Hotel.

Read more at Fortune

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