GENERAL NEWS
Government sells 60% shares of Golden Tulip to Lebanese company – Report
Government officials allegedly broker deal for Golden Tulip takeover
Golden Tulip now known as Lancaster Hotels
Workers positions to be determined next week
The Government of Ghana has sold 60 percent of shares in Golden Tulip Hotels to a Lebanese firm, a Joy Business report has said.
According to the portal, both the Accra and Kumasi sections of the hotel will now be known as Lancaster Accra City Hotel and Lancaster Kumasi City Hotel following the sale to Lebanese investors.
Joy Business said documents in its possession revealed Government of Ghana and the Government of Libya (GLAHCO) entered into a joint venture agreement which saw the sale of the hotel franchise to the Lebanese firm.
Prior to the sale, the Government and Ghana and the Government of Libya owned 60 percent and 40 percent respectively of the hotels.
General Manager of the hotel in a letter copied to heads of departments read, “Achour Holding Limited operating as Lancaster Hotels will be the new lessee and would take effect from 1st July, 2022, with same conditions as previously communicated.
“We urge you to support the new company to ensure a successful takeoff,” the statement added.
In a separate letter involving the takeover, Lucy Ahedor, Rooms Division Manager of Golden Tulip said, “We wish to inform you that from 1st of July, 2022, the name of the hotel will now change to Lancaster Hotel. We would also like to inform you to rest assured as this change will not affect normal operations of the hotel.
“We are happy to also announce that the hotel under this new name will be going through refurbishment by enhancing most of the facilities,” Lucy Ahedor is quoted to have added.
Meanwhile, some staff of the hotel who interacted with journalists on condition of anonymity affirmed the sale and subsequent name change of the hotel.
They indicated that their respective job positions amid the takeover will be made known to them in the coming week.
Source: www.ghanaweb.com
-
Lifestyle3 weeks ago
Road Safety Authority narrates how buttocks causes road accident
-
GENERAL NEWS1 month ago
Why 15 police officers stormed Owusu Bempah’s church – Kumchacha narrates
-
GENERAL NEWS3 weeks ago
Watch how Ibrahim Mahama rode Honda superbike to pay last respects to late friend
-
GENERAL NEWS4 weeks ago
How Offinso residents storm destooled queen mother’s house, demand for new chief
-
South Africa News4 weeks ago
Woman thrown out of a speeding taxi while on her way to work
-
GENERAL NEWS6 days ago
Deadly clash between youth and navy personnel results in two deaths at Tema Manhean
-
SHOWBIZ KONKONSAH1 week ago
Junior Pope’s Death: Video of John Dumelo refusing to join canoe for movie shoot over safety concerns resurfaces
-
News Africa1 month ago
‘Satanically dubious’ – SCOAN releases statement on BBC’s report about TB Joshua, church