Dar es Salaam Serena has 230 rooms
* Value of transaction not disclosed
NAIROBI Nov 24 (Reuters) – Kenya’s TPS Eastern Africa , operator of
the Serena Hotels chain, has bought a five-star hotel in the Tanzanian
capital Dar es Salaam, giving the chain a presence in one of the
region’s fastest-growing economies.
TPS said it had acquired the 230-room, five-star Royal Palm Hotel from
Movenpick Hotels and Resorts, without disclosing the value of the
transaction.
The hotel will be renamed the Dar es Salaam Serena Hotel from next
month, TPS said in a statement late on Wednesday.
“The hotel will be positioned as the premier up-market five-star hotel
for the discerning corporate and leisure clientele,” the company said.
TPS operates in Kenya, Zanzibar, Mozambique, Rwanda and Uganda. It
also has a small presence in northern Tanzania.
Serena Hotels has expanded from four units in the early 1970s to a
collection of 25 luxury hotels, resorts, camps and safari lodges
catering to the leisure and business markets.
Its main shareholder is the Aga Khan Fund for Economic Development, an
international development agency. (Reporting by Duncan Miriri;
Editing by Barry Malone and Will Waterman)