Tanzania sells its stake in disputed Embassy Hotel
The Embassy Hotel in Dar es Salaam. Before privatisation, Tanzania had 15 hotels and game lodges under the state-owned Tanzania Tourist Corporation. Photo/LEONARD MAGOMBA
One of the most problematic privatisation transactions in Tanzania — the sale of the once-famous Hotel Embassy — is set to be concluded as it emerges that the hotel that has not been operational for almost five years, has at last been offloaded to a third party.
The EastAfrican has learnt that the government has sold off its shares in the Dar hotel to Messrs Karmali Juma, a joint venture partner in the hotel.
