ONOMO Hotels has acquired a 60.1% controlling stake in BON Hotels.
CEO and founder of BON Hotels Guy Stehlik and his family have a long association with South African and Nigerian hospitality, while ONOMO Hotels is linked to the investment by Batipart Invest - a company founded and owned by the Luxembourg-based Ruggieri family, big private investors in hospitality in Africa.
According to a statement issued about the deal, this strategic partnership reflects their ongoing confidence in economic opportunities in Africa, particularly in tourism.
According to ONOMO chair Julien Ruggieri, this will consolidate the African hospitality market and will continue to strengthen its pan-African presence.
The acquisition establishes ONOMO as a key player in the Nigerian market and will reinforce its presence in Southern Africa.
The deal positions ONOMO as a pan-African mid-scale hospitality group with a footprint spanning 15 countries and with 4 300 rooms and a pipeline of 3 000 additional rooms. In addition, the new group now jointly employs some 2 200 people.
ONOMO Hotels CEO Cedric Guilleminot expects the company will benefit from BON Hotels' experience in hotel management.
BON Hotels CEO Guy Stehlik says the deal provides access to a bigger client database, a stronger distribution platform, increased purchasing power and a wider-reaching loyalty programme.
He expects that the merger could lead to the creation of more than 3 000 new work opportunities on the continent as it offers potential growth opportunities for all stakeholders.
* Compiled by Carin Smith