Harare’s historic Meikles Hotel set for modern makeover | Financial Times:
It is a piece of Zimbabwe’s colonial past that has fallen on hard times — but Harare’s venerable Meikles Hotel could soon be under new management after a Dubai-based buyer approached the US chain Hyatt to run it.
Albwardy Investments, which offered to buy the hotel in the heart of Zimbabwe’s capital for $20m last week, is seeking an international operator as it plans to restore one of the African nation’s most historic buildings.
The proposed deal represents a rare vote of investor confidence in Zimbabwe, which faces its worst economic crisis in a decade under President Emmerson Mnangagwa.
The hotel has faded as Zimbabwe’s economic and political turmoil has deepened, acquiring a gloomy reputation for half-empty suites, mechanical breakdowns and an outdated ambience.
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