The businesses, in Ziway and Langano, have selected Boston Partners because of their extensive experience.
Addis Ababa, Ethiopia – Boston Partners Plc, owner of Kuriftu Resort & Spa, is taking over the whole management of Castel Wine House and the old Langano Bekele Molla Hotel.
The company completed its talks with the French winemaker, Castel Winery, seven months ago, while negotiations with the Bekele Molla Hotel, now called Simbo Beach Resort, are still ongoing and expected to be completed in a week’s time, according to its new owner, Mulugeta Tesfakiros, owner of Muller Real Estate.
Castel Winery has a 450ha wine farm in Ziway, where it also keeps its winery.
“We were considering other experienced companies in hotel management, but the experience of Kuriftu Resort has been very appealing to us,” Mulugeta told Fortune.
Castel Wine House & Restaurant will be inaugurated on April 12, 2014, in Ziway town, East Shewa Zone of the Oromia Region, 163km from Addis Abeba.
Read more at: Addis Fortune