- Published: Thursday, 23 February 2017 10:20
- Sourced by SolutionsTeam
African pension funds are beginning to show more interest in investing in hotel real estate, according to Andrew McLachlan, senior vice president of business development for Africa and the Indian Ocean at Carlson Rezidor Hotel Group. McLachlan says the hotel operator – which owns the brands Radisson Blu and Park Inn and has a presence in 29 countries on the continent has been talking with pension funds in a handful of African markets that are looking at acquiring hotel properties. These schemes are more interested in purchasing existing hotels that are already up and running, rather than constructing their own from scratch.