Hospitality Development
Golfview, Zambia
A crucial role was performed in identifying a relevant site for the development of a hospitality product and worked with the operators’ management team and the project promoter to secure funding for the development. This 75-room hotel was the result of the re-development of a site originally earmarked for a hospital, and required considerable planning and re-engineering to convert it for hotel use.
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The Royale, Accra, Ghana
Working in partnership with a hospitality company (Cresta) and landowner, debt and equity capital was raised for the development and realisation of this 90 room and 12-chalet low-rise hotel in Accra. The development was modelled on the existing Cresta Lodge in Harare. The project value of approximately $15m included provision for Furniture, Fittings & Equipment.
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Pandu Ondangwa, Namibia
The Pandu Ondangwa hotel was structured on the basis of a twin funding arrangement for a Property Owing company and an Operating Vehicle. The 120-room hotel was developed and constructed in a period of 20 months at a cost of US$9.5m. The project saw the participation of a mix of debt and equity investors including the landowner and the IFC. We were responsible for the Development Coordination and played a major part in securing financial close.
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