Grand Hyatt Secures Management Rights for Victoria Falls Luxury Hotel

Dubai-based ASB Hospitality secured the management rights for The Kingdom Hotel in Victoria Falls, partnering with Hyatt International to reopen the property as Grand Hyatt Victoria Falls in late 2027. According to hotel industry reports, the transition follows ASB's $30 million acquisition and planned redevelopment of the 294-room resort. This deal marks a major milestone in Hyatt's luxury expansion across Africa and promises to revitalize Zimbabwe's premier tourist hub. However, the project must navigate local environmental regulations and infrastructure deficits in the Victoria Falls region. The venture's profitability relies on Zimbabwe's ability to maintain political stability and attract high-spending international tourists.