The government of Libya is now the current largest shareholder of Golden Tulip hotels in Accra and Kumasi. A Document published by the Rooms Division Manager of Golden Tulip, Lucy Ahedor details the name change from Golden Tulip to Lancaster.
The change of name is said to not affect the normal operation of the hotel. The new name of the hotel is also reported to bring about refurbishment by enhancing most of the facilities.
The four-star hotel (Golden Tulip) is now a joint venture business between the Government of Ghana and the Government of Libya (GLAHCO). The Government of Libya holds 60% of the company while the Government of Ghana holds 40%.
At the moment, Ghana is believed to have sold its franchise to the investors of a company known as Lancaster. This means the prominent hotels in Ghana’s capital and the Ashanti Regional capital will from 1st July 2022 be known as Lancaster Accra City Hotel and the Lancaster Kumasi City Hotel.
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