Saudi group MBI International and Libya's Layco have purchased the five-star Hotel Africa in the centre of Tunis for EUR 43 mln, Tunisia's tourism ministry has announced. The 189-room hotel is part of the El Mouradi hotel chain owned by Tunisian entrepreneur Neji Mehiri. MBI International, owned by Sheikh Mohamed Ibn Issa Al Jaber, has agreed to purchase another three hotels in Tunis and a golf course in the coastal city of Monastir.
Saudi group MBI International and Libya's Layco have purchased the five-star Hotel Africa in the centre of Tunis for EUR 43 mln, Tunisia's tourism ministry has announced. The 189-room hotel is part of the El Mouradi hotel chain owned by Tunisian entrepreneur Neji Mehiri. MBI International, owned by Sheikh Mohamed Ibn Issa Al Jaber, has agreed to purchase another three hotels in Tunis and a golf course in the coastal city of Monastir.
MBI International recently bought the Vigny and Balzac hotels in Paris for a total of EUR 74 mln. The company manages 75 hotels in Europe and the Middle East.
