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Real Estate: Ethiopia Hotels Enterprise up for sale

The Ethiopian government has put up for privatisation the state owned Ethiopia Hotels Enterprise (EHE), which controls hotels and restaurants in prime central Addis Ababa locations.

The Privatization and Public Enterprises Supervising Agency (PPESA) announced the sale of EHE, according to Capital Ethiopia, which will go to a public bid. Included in the sale are two hotels – the five-storey three-star Harambee Hotel in the city centre, close to the main tourist and business areas and the city’s Bole International Airport and the Ethiopia Hotel.

The agency has invited bids from interested parties. Ethiopia Hotels Enterprises was created by the government in 1991.

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