ASB (T) ACQUIRES FORMER HOTEL 77 IN ARUSHA TO BUILD 300 ROOM HYATT REGENCY
(Posted 12th August 2014)
Arusha’s former landmark Hotel 77 will soon make way for a new 300 room luxury Hyatt Regency Hotel, now that the land transaction and necessary paperwork were reportedly completed. New owners of the property is ASB (T) Limited, itself a subsidiary of the UAE based Albwardy Investments.
Already in the ownership portfolio of ASB is the Hyatt Dar es Salaam, the Bilila Safari Lodge in the heart of the Serengeti and the Zamani Resort in Zanzibar, all previously managed by Kempinski Hotels. The new hotel in Arusha will add extra 5 star room capacity to the city, which is home to the headquarters of the East African Community, the seat of the East African Court of Justice and generally seen as the gateway to the Northern safari circuit of Tanzania which includes the Tarangire National Park, Manyara National Park, Ngorongoro Crater and the Serengeti.
With the additional property now coming up will ASB become, as far as the number of rooms is concerned, one of Tanzania’s leading hotel groups. Usually well informed sources from the hospitality sector have already suggested that once the Arusha Hyatt is operational that the group may well seek further expansion as the tourism industry continues to enjoy a boom.
