Addis Ababa — MIDROC Investment Group has acquired the historic Wabi Shebele Hotel, marking a major investment in Ethiopia’s hospitality sector ahead of the country’s selection to host the 32nd United Nations Climate Change Conference (COP32).
Under the agreement, the hotel will undergo a comprehensive renovation and be repositioned as a Marriott Autograph Collection property, aligning it with international luxury hospitality standards while preserving its historical character. The upgraded hotel is expected to serve international delegates and visitors attending the global climate summit.
The acquisition agreement was signed by MIDROC Investment Group Chief Executive Officer Ato Jamal Ahmed and Prince Bedemariam Mekonnen, Board Secretary of Wabi Shebele Hotel Share Company.
Speaking at the signing ceremony, Ato Jamal Ahmed said MIDROC is committed to modernizing the hotel’s facilities and services to meet the highest global standards, while ensuring a comfortable and high-quality guest experience. He emphasized that the project reflects the group’s broader strategy to strengthen Ethiopia’s tourism and hospitality infrastructure.
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