Tag: Luxury

Marriott to add nine Egypt hotels with more than 1,800 rooms under new deal

Marriott, the world’s largest hotel chain, will develop nine hotels with more than 1,800 rooms across Egypt, backing the country's tourism expansion and investment drive.

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How Nigeria’s richest woman built a $100 million Lagos tower without a bank loan

Rising 103 meters over Ikoyi, Folorunso Alakija's $100 million Centre Point tower stands as a striking symbol of Nigerian corporate success.

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Tonino Lamborghini enters Africa with $60.5 million Zimbali Lakes project in South Africa

Tonino Lamborghini launches a $60.5 million hotel and branded residences project at Zimbali Lakes on South Africa’s North Coast.

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Egypt’s richest man follows $400M gold push with $115M Greek resort

Egyptian billionaire Naguib Sawiris follows a $400 million gold hedge with a new $115.7 million luxury resort on the Mediterranean island of Mykonos.

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Nigerian billionaire Abdul Samad Rabiu takes delivery of Bombardier Global 8000, world’s fastest business jet

Abdul Samad Rabiu takes delivery of Bombardier's Global 8000 jet to boost BUA Group's global business travel.

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Debt costs push Mauritius-based Evaco Group to $3.1 million nine-month loss

Mauritius property developer Evaco Group falls into a $3.1 million nine-month loss as steep debt costs and plunging revenues stall corporate liquidity.

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Mauritius eyes 100 wealthy investors a year with golden visa push

Mauritius plans to attract 100 high-net-worth investors annually through a golden visa requiring at least 1 million dollars in investment.

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Ethiopia’s richest man Mohammed Al-Amoudi plans 10 hotels as wealth tops $9 billion

Mohammed Al-Amoudi plans 10 hotels in Ethiopia as wealth exceeds $9 billion, expanding MIDROC’s hospitality investments.

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LUX Island Resorts posts $191 million revenue, higher profit in 9M 2026

LUX Island Resorts posts $191 million revenue in 9M 2026, with higher profit, stronger occupancy, and asset base rising to $437 million.

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Capital Hotels opens $17 million Boardwalk aparthotel in Gqeberha

Capital Hotels has opened The Capital Boardwalk in Gqeberha, a $17 million aparthotel with 145 rooms in Nelson Mandela Bay.

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Mark Zuckerberg, world’s fifth-richest billionaire, buys $170 million Miami mansion

Meta co-founder Mark Zuckerberg acquires a $170 million Miami mansion with pool, dock, and 1,500-gallon aquarium.

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New $62 million Somerset West project taps Western Cape housing demand

The Charles launches 178 apartments in Somerset West, Western Cape, as demand grows for secure estates and lifestyle-driven housing.

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