Bahir Dar, the capital city of the Ahmara region in northern Ethiopia, an active port on the south shore of the huge inland Lake Tana, the source of the Blue Nile, a centre known for its wide, palm - lined avenues and vibrant culture, serving as a major tourist hub for exploring ancient island monasteries like Ura Kidane Mehret, the impressive Blue Nile Falls, and diverse birdlife is attracting major tourism investment with the development of a Four Points by Sheraton hotel and the opening of Fedege Ghion Eco Resort launch.
Ethiopia’s Deputy Prime Minister Temesgen Tiruneh launched the Four Points by Sheraton Tana Hotel project in Bahir Dar on 4 May, 2026, signalling a significant push to position the city as a leading tourism destination in the region.
The hotel will arise on the site of the former Tana Hotel, developed by MIDROC Investment Group (MIG), the largest private business entity in Ethiopia, serving as a cornerstone of the national economy and a pivotal component of the global MIDROC International group owned by Sheikh Mohammed Hussein Ali Al - Amoudion the site of the former Tana Hotel.
The 3.3 billion birr project will span 32.400 square metres and will include 120 rooms, four international restaurants, a conference hall for over 1.000 guests, and leisure facilities.
The property is expected to be completed within 18 months and will join Four Points by Sheraton, a Marriott international brand focused on “honest uncomplicated comfort” for business and leisure travellers. Key features include stylish, functional rooms, reliable free Wi - Fi, the signature Best Brews®craft beer program, and approachable service in a casual, modern environment.
At the same event Deputy Prime Minister also inaugurated the Felege Ghion Eco Resort, located on the scenic southern shores of Lake Tana, a project highlights the vital role of private investment in elevating Ethiopia as a world class destination.
Developed under the government’s Gebeta Le Hagger Initiative the eco - resort includes entertainment facilities, retail spaces, an amphitheatre, and riverfront infrastructure.
The dual launch form part of a broader government strategy to develop tourism as a strategic economic sector, with Bahir Dar’s location at the confluence of Lake Tana and the Blue Nile central to its growing appeal, aiming to create a leading destination in the region and attracting further major tourism investment.
MIDROC Investment Group CEO Jamal Ahmed cited an improving investment climate as a key driver of private - sctor engagement, while the Deputy Prime Minister urged investors who have already secured land in Bahir Dar to begin implementation without delay.
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