Minor Hotel Group Expands Mozambique Portfolio with Luxury Assets
- Apr 15, 2014
Eliza Theiss, Contributing Editor
Minor Hotel Group (MHG), an operator of resorts, hotels and serviced apartments located in Africa, the Middle East, Asia Pacific and the Indian Ocean, has added three hospitality assets in Mozambique to its holdings. MHG made a 25 percent equity investment in the properties, which are now jointly owned with Dubai-based Rani Investment L.L.C., the largest hospitality owner-operator in Mozambique.
The move is part of MHG’s future investment strategy targeting a portfolio increase of both global and Mozambican hospitality assets.
“This latest investment in three hotels in Mozambique demonstrates Minor Hotel Group’s commitment to the country’s growing tourism sector and more widely to the overall African tourism market,” said Minor Hotel Group CEO Dillip Rajakarier.
The investment is also consistent with MHG’s and Rani’s long-term strategic partnership agreement initiated in 2013 with the joint ownership of the Indigo Bay Resort & Spa in Mozambique, an asset subsequently rebranded to Anantara Bazaruto Island Resort & Spa. The joint venture will be actively seeking out further investment opportunities in East Africa, with a focus on Mozambique, especially its capital, Maputo. Future ventures will include both newly-built and rebranded assets, set to operate under MHG’s luxury Anantara and high-end AVANI hotel brands, as well as the company’s Oaks serviced apartments brand. All three brands are currently on an expansion curve within the Asian and Middle Eastern markets.
MHG’s newly-added assets include the 185-key Pemba Beach Hotel & Spa, set to be converted to AVANI Pemba Beach Hotel & Spa. Located on northern coastline of Mozambique, near the Niassa National Reserve, the hotel’s design showcases the Arabic and African culture fusion specific to the area on 100 acres of luxury accommodations. Amenities currently include a saltwater infinity pool, fitness center, spa, business center, multiple meeting rooms, marina, club, multiple dining and retail options including a souk (authentic local market). Also included in the portfolio expansion are Medjumbe Private Island and Matemo Island, two luxurious island properties located in the Quirimbas Archipelago. Both assets will be rebranded to Anantara. Medjumbe Private Island consists of 13 beach chalets located on an exclusive 2,600-foot long island. Amenities include a swimming pool and individual plunge pools for each chalet. Matemo Island, currently undergoing a comprehensive renovation and expansion process will increase from its previous 24 villas. All three properties will rebranded before the year is out.
Rani Investment is the investment arm of Aujan Group Holding and holds more than $300 million of dedicated investments in the Middle East and Africa.
Minor Hotel Group operates 108 hotels, resorts and serviced suites totaling more than 13,000 rooms, in 14 countries. It is part of Minor International (MINT), a global company with a three-pronged business approach: restaurant, hotels and lifestyle brands distribution.