Dubai's Albwardy to buy Zimbabwe's Meikles Hotel for $20 million
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HARARE (Reuters) - Dubai-based Albwardy Investments said on Friday it would buy Zimbabwe's Meikles Hotel for $20 million (15.48 million pounds) and would upgrade what is one of the southern African nation's most well-known establishments.The current owner, Meikles Limited , has over the past few years struggled with low occupancy levels and has lacked foreign exchange to refurbish the property in Harare.Albwardy said the investment had been approved by Zimbabwe's stock exchange and competition..