Last week, as Mauritius prepared for the soft opening of its borders, the local hospitality sector was taken by storm by the news of two major ventures that shows to a great extent its capacity to attract foreign interest and investment.
Radisson Blu Post Lafayette, owned at 100% by PL Resort Ltd, owned by Bluelife Ltd and Associate of The Bee Equity Partners has been sold to Browns Investments PLC to the tune of $ 3.7m (around Rs 160m) after deduction of the existing debt from the property value.
Maritim Hotels announced a multi-million investment on its end that as it signed an agreement with the Shanxi Culture and Tourism Group Jin Fei Investment Company. Both groups have decided to join forces in the construction of a new 5-star hotel as well as apartments in Jin Fei Smart City. This project should be completed by 2024.
