News - 6th Apr 2007

IFA Hotels & Resorts enters Namibia

IFA Hotels & Resorts (IFA HR) has announced its entry into the Namibian hospitality market through a joint venture agreement with the Ohlthaver & List (O&L) group of companies, the leading private sector group in Namibia. The joint venture is valued at approximately US$ 75 million. Through the venture, IFA HR has also introduced five star luxury hospitality partner Kempinski Hotels (Kempinski) to Namibia in an agreement that will see the international hotel brand operate all four of the joint venture hotel properties.

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