Morocco’s ONOMO Hotels strengthens African presence with acquisition of BON Hotels

MOROCCO – Moroccan based hotel giant, ONOMO hotels has acquired a 60.1% controlling stake in BON Hotels, heralding what could be a major shakeup on the African hospitality industry. In a press statement, ONOMO Chairman, Julien Ruggieri noted that ONOMO is consolidating the African hospitality market and will continue to strengthen its pan-African presence. “The acquisition deal establishes ONOMO as a key player in the Nigerian market and will reinforce our presence in Southern Africa,” added Ruggieri.                                             He further noted that the deal positions ONOMO “as the leading pan-African mid-scale…

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