· Capital Ethiopia · Eyasu Zekarias
EIH unveils $55 million Hilton Garden Inn development
Topics:Hotels and tourismInvestment
Summary of the Capital Ethiopia report
Ethiopian Investment Holdings plans a 150 room Hilton Garden Inn and a wellness facility inside the Hilton Addis Ababa compound, at a cost of about $55 million. Elmi Olindo Contractors builds it and ZIAS Architecture and Engineering is the consultant. The target date is October 2027, before the city hosts the COP32 climate summit in November 2027.
Key points
- Ethiopian Investment Holdings plans a 150 room Hilton Garden Inn inside the Hilton Addis Ababa compound.
- The estimated cost is about $55 million, and the target for completion is October 2027.
- Elmi Olindo Contractors PLC is the design and build contractor, with ZIAS Architecture and Engineering as consultant.
- The existing Hilton Addis Ababa has 372 rooms and belongs to an EIH subsidiary.
Real.et analysis
Capital Ethiopia reports that Ethiopian Investment Holdings (EIH) plans a 150 room Hilton Garden Inn and a wellness facility inside the Hilton Addis Ababa compound. The estimated cost is about $55 million. Elmi Olindo Contractors PLC has the design and build contract. ZIAS Architecture and Engineering is the consultant. The target for completion is October 2027, shortly before the COP32 climate summit that Addis Ababa hosts in November 2027. The existing Hilton has 372 rooms. It belongs to the Development and Hotels Company, a subsidiary of EIH.
What this means for visitors
The project adds branded rooms in the centre of the city. It is a plan with a contractor and a date. It is not open. A 150 room hotel in about one year is a tight schedule, so the date could move.
Until then, the supply of rooms in the area stays as it is. If you travel for a large conference, book early. Our hotel directory lists hotels by area and star grade, and the Hilton Addis Ababa page gives details of the present hotel. Construction inside the compound may cause noise or closed areas. Ask the hotel before you book a long stay.
What this means for the hotel market
EIH says it wants more value from assets it already owns. A second hotel on the same land does not need a new plot. Other owners use the same method. MIDROC plans a second Sheraton inside the Sheraton Addis compound, as ENA reported in March.
For owners of small hotels and guest houses, more branded rooms could mean more competition after the summit. Demand during COP32 is expected to be very high, but it lasts only a short time. The city also plans to use apartments for delegates. See the Addis Fortune report on that plan.
Background
Elmi Olindo is a Grade 1 general contractor. Its past projects include Halala Kela, Wonchi Lodge and the ET-302 Memorial Park.