Our partnership In December 2019, Buchanan worked with the iconic Meikles Group in Zimbabwe as they looked to sell the Harare Meikles Hotel to ASB Hospitality Zimbabwe, a group company of Albwardy Investment LLC of Dubai as part of a strategy to increase profitability, strengthen its balance sheet, and unlock value for shareholders.
Growth story Given the strong presence of the Meikles Hotel in Zimbabwe, this was a sensitive subject for shareholders and also the local community. Buchanan worked to create a strategy that ensured the messaging was clearly communicated and all stakeholders were happy with the deal presented. This wasn’t just about the Company shareholders, but also the people of Harare. This also signified a big investment from a foreign investor. We were successful in supporting the execution of the deal, managing positive coverage in local media and getting support from the Zimbabwean institutions needed to support the transaction.