ADDIS ABABA, ETHIOPIA Ethiopias oldest hotel, built in 1907 by Taitu, wife of Emperor Menelik II, to house official guests visiting Ethiopias new capital Addis Ababa, was purchased at a state auction for $425,000. The new owners Fitsum Zeab Asgedom, an Ethiopian entrepreneur with roots in the printing business, and Bertrand Lefort, a Frenchman with a degree in fine arts turned the historic hotel into the Taitu International Art Center. (12/28/00) Source: NY Times
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