Ascott debuts in Africa with Kwarleyz Residence in Ghana
The 40-unit serviced residences features studio and one to three-bedroom apartments
The Ascott Limited has expanded its footprint in Africa with the opening of Kwarleys Residence in Accra, Ghana. The 40-unit serviced residences features studio and one to three-bedroom apartments.
Commenting on the company’s denut in Africa, Ascott’s deputy managing director for the Middle East, Africa, Turkey & India Thomas Wee said: “Africa is the world’s second fastest-growing economy after Asia and we see great potential in the region’s hospitality market. Africa’s huge economic growth is fueled by massive infrastructure development, favorable investment policies, and a young population. With our strong expertise in hospitality management, Ascott aims to set the benchmark in the region by offering business and leisure travellers world-class extended stay accommodation and superior customer service.”
Wee also noted that Ascott sees potential in Africa and revealed more on the company’s expansion plans.
“In addition to Kwarleyz Residence, we have secured a contract to manage Ascott 1 Oxford Street which will open in the heart of Accra in 2019. Ascott expects strong demand from the influx of business and leisure travellers as foreign direct investment continues to increase rapidly in this economic and administrative hub. Besides deepening our presence and growing our scale in Ghana, we see potential for serviced residences in other West African countries such as Nigeria, Côte d'Ivoire and Senegal. We will also explore opportunities in the capital cities of East Africa such as Nairobi, Kigali and Addis Ababa,” Wee added.
Kwarleyz Residence is owned by Wonda World Estates and the property offers a restaurant, coffee lounge, sky bar, rooftop garden and basement parking.