Daily Archives: October 4, 2016

Rwanda Announces Investment Opportunities In The Kivu Belt, Hotbed For Luxury And Leisure Tourism

The Rwanda Development Board today held a press conference to announce the Africa Hotel Investment Forum that is happening in Kigali, Rwanda from 4th to 6th October.

The forum will provide an excellent platform for Rwanda to showcase its immense investment opportunities in the hotel and tourism industry.

At the press conference the Chief Tourism Officer, Belise Kariza encouraged participants to discover the various opportunities, especially the Kivu Belt Rwanda’s tourism and hospitality haven along with six prime real estate properties in the Kivu Belt, west of Rwanda.

“Rwanda is a strategic investment choice primarily because we provide a supportive business environment with all necessary services available online 24/7. With tourism being the country’s mainstay, the government is a key stakeholder and has taken great care to develop the necessary infrastructure to support the growth of the sector, such as strong roads, water supply and electricity,” Kariza said.

The key investment opportunities presented include: a hot spring eco-tourism resort on the Rubavu Peninsula, an entertainment and leisure complex in Rubavu, a five-star golf resort and residential villas, an Ecolodge on Gihaya Island, a premium boutique hotel and tourism center in Rusizi and the completion of a five-star conference and leisure hotel in Rusizi district. The respective projects range in value from $50 up to $152 million.

Rwanda’s western province is a popular tourist destination given its vicinity to the Volcanoes National Park, home of the mountain gorillas and its current offering of lakeside resorts and water sports. According to tourism statistics, the industry registered more than US $ 340m in revenues in 2015 indicating a 10% increase from 2014.

“As we develop more tourism packages, it is important that we diversify our offering in terms of luxury accommodations and amenities for our clients. Lake Kivu is literally paradise on earth and presents the opportunity for Rwanda to become a resort destination,” she added.

The Kivu belt offers a breath-taking, incredible scenery, exquisite weather and accessibility making it attractive holiday destination. The Kivu Belt houses prime lakeside properties, flora and fauna, cultural and heritage sites and nature trails.

The Africa Hotel Investment Forum [AHIF] is the premier hotel investment conference in Africa, attracting many prominent international hotel owners, investors, financiers and management companies.

The forum provides a platform for exchange of information, transfer of knowledge and more importantly, an occasion to pitch Rwanda as the ideal investment destination to decision makers in the hotel investors.

Hilton To Open Hotel In Africa’s Tallest Development

Hilton Garden Inn Accra Liberation Road becomes landmark deal, with additional signings in Kenya and Nigeria as Hilton seeks to double its presence across the continent.

Hilton Worldwide has marked this year’s African Hotel Investment Forum [AHIF] with the announcement of new properties and extensions in three African countries. It continues the company’s commitment to expansion across the continent as it seeks to double its footprint from its existing 39 hotels to more than 80 hotels in the next 3-5 years.

Among the new hotels agreed is Africa’s first modular build hotel, the 280 guest-room Hilton Garden Inn in the Ghanaian capital of Accra, a concept that Hilton first premiered in 2014 through a partnership with CIMC Modular Building Systems.

Other deals see the creation of Africa’s tallest hotel in Nairobi, while Hilton builds on its industry leading airport hotel legacy with an extension to the recently signed Legend Curio at Lagos Airport. Hilton will manage all three properties as it continues to expand its managed hotel portfolio.

Patrick Fitzgibbon, senior vice president development, EMEA, Hilton Worldwide said, “Having been present in Africa for more than 50 years we’re proud to have remained at the forefront of pioneering hotel growth on the continent. This year at AHIF we’re breaking new ground in the region with the announcement of our first modular build hotel, a fast-paced construction solution that we feel has huge potential in Africa, with quicker returns for investors and a world-class hospitality experience for guests.

“We remain hugely committed to Africa across our portfolio of world-class brands, continuing to introduce our hotels to new markets across the whole of Sub-Saharan Africa in the coming years.”

Modular construction is an innovative solution that can be used to drive hotel development, offering numerous benefits including faster development, streamlined design and cost efficiencies.

The process involves assembling portions of the hotel – including guest rooms and hallways – in China, before transporting them to the final site for completion, thereby significantly reducing the time taken for construction. The model helps ensure consistent quality and accelerates the build schedule on site, a particular benefit for developers and investors in emerging markets.

Hilton Garden Inn Accra Liberation Road is being developed under a management agreement with Independence Properties Ltd, whose majority shareholder is Trasacco Estates Development Company Ltd. With a planned opening in 2018, this will be the first Hilton Garden Inn in Ghana.

Ian Morris Director Independence Properties and CEO Trasacco Estates Development Company said: “After building a number of three star plus properties in West Africa the option to go modular and improve on room quality, project delivery and minimise construction risk was warmly embraced by our development, design and construction teams and we feel is the future of the industry.”

Paul Blackmore, Managing Director CIMC MBS, said: “We are very proud of the continued association between Hilton and CIMC, with Hilton Garden Inn being an excellent brand for utilising our modular technology. In Independence Properties we have another great partner focussed on a high-quality product. Africa is a key strategic focus for CIMC, where our solutions can minimise risk on site while protecting and improving owner returns.”

Located on Liberation Road, the main connection between Ghana’s capital and its major international airport, the hotel will feature three restaurants and amenities offered at each Hilton Garden Inn location, including complimentary high speed Wi-Fi throughout the hotel, 24-hour business and fitness centers, alongside four adjustable meeting rooms and a 450sqm ballroom.

Hilton Nairobi Upper Hill, Kenya [255 guest rooms]

A management agreement with Jabavu Village Ltd and White Lotus Projects sees Hilton expand on its existing presence in Kenya to create Africa’s tallest building. Standing 330m high, Hilton Nairobi Upper Hillis due to open in 2020, as a 255 guest-room and suite hotel in Kenya’s capital.

It will offer multiple food and beverage outlets, including a relaxing poolside bar, speciality smokehouse and grill restaurant, lobby dining area with landscaped deck and a boutique rooftop bar with unbeatable vista views of the Nairobi skyline on the 43rd level.

Finally, having previously announced the signing of Curio, The Legend, Lagos Airport, Hilton has also confirmed that an additional 76 guest rooms will be added to the hotel bringing the room count up to 130-keys and further strengthening its expansion in the country. The hotel, due to open during 2017 will be the first within the airport environment giving guests and airline passengers alike unrivaled ease of access to the airports’ facilities.