By our staff reporter

Ambassador Hotel recently made an announcement regarding a change in its operations. After being part of the hotel sector for over 15 years, the hotel has decided to shift its focus towards housing development. Effective January 10, 2024, the Ambassador Hotel ceased its operations and started renovation works on the four blocks of apartments.

In an interview with Capital, Seid Mohammed (Founder & CEO Ambassador brands) Ambassador Hotel, Ambassador Garment and Ambassador Real Estate, explained that their institution has been dedicated to studying and bringing changes to the business sectors it oversees since its establishment. As part of this approach, they have decided to move away from the hotel industry and redirect their efforts towards constructing apartments. Despite already having 45 apartments, the company plans to continue with additional construction projects.

“This management strategy involves analyzing the strategic and human resources of the organization, as well as exploring new business ideas, to open and develop various sectors. By implementing this approach, Ambassador aims to strengthen growth and enhance the reach of their organization,” Seid told Capital.

Additionally, Seid revealed that by discontinuing operations at the Ambassador Hotel, they will be able to focus on developing other business sectors under the Ambassador umbrella and invest in new ventures. The Ambassador Hotel, situated in front of Bole Millennium Hall and serving customers in the hotel industry since 2008, will now undergo this significant transformation.