The conversion deal was signed with Blue Nile Resort Hotels PLC to rebrand its Blue Nile Resort to a Protea Hotel following a full renovation. The property is expected to be rebranded to Protea by Marriott Bahir Dar by 2025 and will offer 127 guest rooms and suites, multiple dining outlets, a fitness centre and nearly 1,000 sqm of meetings and event space. The hotel is situated next to Lake Tana and a short distance from Blue Nile River.