Thursday, April 22, 2010

Ethiopia’s Royal Haile selassie Family Getting Back Gihon Hotel

The royal family has been in talks to get the hotel back from the government after the Derg confiscated it. Sources told Capital that the negotiation is in its final stage and is likely to be successful this time around after so many attempts to partially privatize it. On a different note The Saudi billionaire Prince Al Wallid bin Tallal was among the first to show strong interest in buying the hotel. Read more….

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