MIDROC Investment Group Acquires Savanna Beach Resort and Wabe Shebelle Hotel

MIDROC Investment Group has acquired the Savanna Beach Resort in Langano with plans to redevelop it as an international destination under the Marriott brand. Additionally, the group has inaugurated the Denbi Eco Lodge. The company has also taken over the historic Wabe Shebelle Hotel, located on Ras Abebe Aregay Road in Addis Ababa. The hotel was originally built in the late 1960s by Emperor Haile Selassie for his grandchildren, nationalized by the Derg regime, and later returned to the royal heirs. Under the new agreement between MIDROC CEO Jemal Ahmed and board secretary Beedemariam Makonnen, the hotel will undergo renovations and be rebranded as part of Marriott International's Autograph Collection.