Quantum Global Group Buys Movenpick Accra Hotel for $100 Million

January 11, 2017

QG Africa Hotel, a Mauritius-based investment fund managed by Quantum Global Investment Africa Management, bought Movenpick Ambassador Hotel in Ghana from Kingdom Holding Co. for $100 million, QG says in e-mailed statement.

* Hospitality industry is indicator of vitality and attractiveness of key locations across Africa, company is looking at more opportunities: Quantum Global Group CEO Jean-Claude Bastos de Morais says in statement;
* Ghana’s largest 5-star conference center sits on 16 acres (6.5 hectares) in Accra’s central business district;
* NOTE: Zug, Switzerland-based Quantum also manages Angola’s $5 billion sovereign wealth fund. Source: Bloomberg