Umubano Movenpick resort renderings (topic to vary).
New possession of the historic Umubano Lodge in Kigali, Rwanda, means the location will bear a full refurbishment to re-open as a 100-key Mövenpick resort.
The Authorities of Rwanda and funding agency Kasada have collectively acquired the Umubano Lodge positioned in Kigali’s Kacyiru district.
Excessive normal renovation
Kasada’s lodges are operated below the banner of Accor’s vary of worldwide manufacturers, and this website will be a part of the group’s Mövenpick imprint in 2025.
Though Kasada intends to retain the flagship architectural features of the resort, the renovation program will make sure the constructing meets the very best worldwide hospitality and ESG requirements (EDGE and Safehotels certification). The brand new Mövenpick resort is about to open to the general public in 2025 with the addition of well being and spa services and co-working areas.
Clare Akamanzi, CEO of the Rwanda Growth Board, stated: “We’re happy to draw the biggest hospitality platform to Kigali to rejuvenate this resort with its lengthy and storied historical past. Kasada, backed by Qatar Funding Authority, stood out with its mixture of sector experience, monetary scale, and design proposal. We stay up for supporting them within the re-development of this iconic asset.”
Quick rising vacation spot
Olivier Granet, Kasada’s managing accomplice and CEO, stated: “Rwanda is a fast-growing worldwide vacation spot that we take into account to be among the many most promising for our funding platform. That is an formidable and thrilling mission to remodel this distinctive place right into a landmark, completely linked to the native surroundings, for the good thing about worldwide guests whereas turning into the ‘place to be’ for native residents.”
David Damiba, Kasada’s managing accomplice and CIO, added: “Kasada is trying ahead to deploying its capital and monetary experience to contribute to the FDI flows in Rwanda. This transaction exemplifies Kasada’s means to transact with non-public and sovereign homeowners throughout the continent.”
This deal cements Kasada as a pan-African resort proprietor and follows on from the March 2022 acquisition of Cape Grace in South Africa. The platform now controls over 2,400 resort keys throughout seven international locations.