(MENAFN) Kingdom Hotel investments (KHI) have sold its 100 percent interest in the Intercontinental Hotel Lusaka to QG Africa Hotel LP by USD 36mn.
Accordingly, this transaction marks another success for KHC's value realization plan from growth market investments.
The hotel has been a leading player in the global hospitality industry, building shareholder value by acquiring, developing and monetizing high-quality assets.
KHI is considered one of the main hospitality investors internationally with major interests in industry-leading luxury hotel management firms.
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