MINOR International
(MINT) has acquired
a 49% stake in
Rani Minor Holding, which
owns a hotel and mixeduse
development project in
Maputo, Mozambique.
The project comprises a
154-room Radisson Blu Hotel,
which is currently operational,
a 187-room residential tower
and 21-storey office tower,
both of which are under
construction.
The project is located five
minutes from the Maputo
CBD, facing the Maputo Bay.
The project is the
fifth property of MINT
in collaboration with
Rani Investment LLC in
Mozambique, since the
announcement of the 25%
investment in Anantara
Bazaruto Island Resort
and Spa, and another
three properties that will
be rebranded into AVANI
Pemba Beach Hotel and Spa,
Anantara Medjumbe and
Anantara Matemo Island.
William Heinecke, chairman
and group ceo of MINT, said:
“This strategic partnership
with Rani Investment
completes our expansion
in Mozambique. With our
presence in Maputo, we
now have investments from
the north all the way to the
south of Mozambique. The
investment reiterates our
confidence in the growth
prospects of Africa, and the
confidence in our partner, Rani
Investment.”
MINT recently entered
a partnership with Sun
International that will see the
group take stakes in eight of
Sun International’s hotels in
Botswana, Lesotho, Namibia,
Swaziland and Zambia, at a
cost of US$63,9 (R699m).
Minor expands investment in Mozambique
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