Kingdom Acquires M"ovenpick in Mauritius
MAURITIUS, April 19, 2006. Kingdom Hotel Investments (KHI) has acquired the Hotel on Mauritius to become the new owners of this resort in the Indian Ocean. Last October M"ovenpick Hotels & Resorts took over the Voile d'Or Resort & Spa on the basis of a management contract with the proprietor company Salt Lake Resorts Ltd. Now Kingdom Hotel Investments (KHI), a leading hotel & resort acquisition and development company and partner in M"ovenpick Hotels & Resorts, has acquired the Hotel on Mauritius to become the new owners of this first-rate holiday resort in the Indian Ocean. The acquisition has also resulted in a change in the Hotel's name: the term "Voile d'Or" is to be omitted, and the resort will now be called M"ovenpick Resort & Spa Mauritius.
The four-star plus hotel, located in Bel Ombre on the island's south-west coast, has 181 spacious rooms and suites. First-class service, excellent cuisine, exceptional spa facilities and a wide range of sports all combine to make the M"ovenpick Resort & Spa Mauritius a unique resort.
"After M"ovenpick Hotels & Resorts took over the holiday resort an interesting investment opportunity presented itself for Kingdom Hotel Investments, and we're delighted to be associated with it", says Jean Gabriel P'er`es, President & CEO M"ovenpick Hotels & Resorts.
"We're very pleased that the M"ovenpick Resort & Spa Mauritius now complements our portfolio", adds Sarmad Zok, CEO of Kingdom Hotel Investments. "The acquisition is entirely in keeping with our strategy of investing in hotel projects with a strong growth potential. Mauritius is a key player in the development of tourism in the Indian Ocean, and this Hotel is a first-rate establishment in a paradise setting."
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