Protea Hotels prospective buyer of Lusaka’s Pamodzi Hotel
Published On November 15, 2023 » 587 Views» By Times Reporter » Business, Stories
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By CHATULA KANGALI –
PROTEA Hotels Zambia Limited is one of the prospective buyers of the Pamodzi Hotel in Lusaka whose majority shareholders are Tata International Singapore Pte Limited (TISPL) and Indian Hotels Company Limited (IHCL).
TISPL and the Indian Hotels confirmed receiving non-binding offers from other prospective buyers for Pamodzi Hotel from Protea and ASB Development Limited.
Shareholders of Pamodzi were in September this year informed by the board of the ongoing discussions between the promoter and majority shareholder of Pamodzi Hotels Plc, regarding the options to sell TISPL’s entire stake held in the Company.

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