Minor International Plc is taking its first step into East Africa with a US$12 million deal with luxury safari operator, Elewana Afrika.
Based in Tanzania, Elewana owns and operates a collection of luxury lodges which include: Serengeti Migration Camp in the World Heritage Site of Serengeti; Tarangire Tree Tops and Arusha Coffee Lodge.
Under the agreement, MINT will acquire a 50% stake in the group during this strong expansion phase which will see six new properties added to the Elewana portfolio by 2011.
“These resorts totaling 165 rooms will allow Elewana to offer guests a total immersion in Tanzanian culture that includes safari, beach and city components,” a release said.
Elewana’s principal promoter, Karim S. Wissanji, will retain a 50% stake and remain as Chief Executive Officer of the company.
Elewana’s near-term plan includes a new property near the Ngorongoro Crater, a World Heritage site and three high-end, smaller properties in unique destinations in Tanzania.
Elewana’s expansion plans also include a new city hotel in a historic building in Stone Town, Zanzibar and auxury beach facility on the private island of Kiweni located in the Zanzibar Archipelago.
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