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Muammar Gadaffi's Hotels To Be Sold In South Africa
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Muammar Gadaffi's Hotels To Be Sold In South Africa
Ensemble Holdings—led by CEO Ziad El-Barag and owned by the Libyan Investment Authority (LIA)—holds a 39.79% stake in the luxury Legacy Hotels group, which includes elite Sandton properties like the Michelangelo Hotel and The Leonardo. The Catalyst: Following the fall of Muammar Gaddafi in 2011, the United Nations imposed strict asset freezes on Libyan state […]
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