The Company, in collaboration with a UK based developer, is leveraging the gap of quality branded hotels in Africa through a JV initiatives to develop seven mid-size branded hotels for an investment of $350 million USD.
The Company is an African Hospitality investment and Financing Firm that invest and leverages hospitality gap in Africa. The Company facilitates title to the site (usually freehold), hire architect for concept design, assist with costing for the project from quantity surveyor, conduct investment appraisal & feasibility, and facilitate the Tendering of the construction contract and project management. The Company is headquarters in Nigeria, and has offices in Dubai, and the USA.
The UK based developer and EPC contractor is a professional partner combining unique experience in delivering hotel development in Sub-Saharan region, using a four phase structured development process proven modular build system to achieve brand standard, and single point of responsibility for development delivery. Moreover, efficiency of delivery, provides enhanced returns, and control of costs and risks. Through their ability to deliver projects the firm has established working relationships with brands such as Park Inn, Novotel, Ibis, Holiday Inn, Marriott Courtyard and Hilton Garden Inn.
The estimated cash-on-cash return is approximately 30%, and IRR is approximately 25% by the end of the first three years of operations, and the NOI ratio is estimated at 15%.