This investment is part of MHG’s strategy to expand its footprint globally and increase the group’s presence in Mozambique, which represents a continued investment in the long term strategic partnership agreement MHG has with Dubai-based Rani Investment LLC. The two organisations formed a joint venture company in August 2013 for the ownership of Indigo Bay Resort & Spa in Mozambique, which was re-branded to Anantara Bazaruto Island Resort & Spa in November.
The three properties are located on the northern coastline of Mozambique, operating as part of the Rani Resorts portfolio. On the mainland, the 185-key Pemba Beach Hotel & Spa will be rebranded to AVANI Pemba Beach Hotel & Spa. Located in the Quirimbas Archipelago, the exclusive boutique island properties – Medjumbe Private Island with 13 chalets and Matemo Island, currently with 24 villas – will both be rebranded to Anantara. Matemo Island is currently closed for an extensive renovation and the addition of more keys. All three properties will be rebranded by the end of 2014.
MHG’s strategic partnership with Rani Investment LLC continues to explore opportunities in Mozambique’s capital, Maputo, and in the vibrant East Africa market to further strengthen MHG’s presence on the continent. These properties will be a mix of new-build and rebrand and will be flagged with MHG’s international hotel brands, including the luxury Anantara brand, the upscale AVANI brand and the serviced apartment Oaks brand which is currently expanding into Asia and the Middle East.
Rani Investment is the investment arm of Aujan Group Holding with more than US$300 million of dedicated investments in the Middle East and Africa. Rani Investment is the largest private hospitality owner-operator in Mozambique, having first established its presence in 1999 under the Rani Resorts name Dillip Rajakarier, CEO of Minor Hotel Group, commented, “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. We are actively exploring other opportunities to expand our footprint in Africa through the expansion of all our brands and are very excited about these latest additions to our portfolio in Mozambique.”
Salim Bitar, CEO Rani Investment LLC, added, “The expansion of our relationship with the Minor Hotel Group is a further commitment we are making to Mozambique, and a statement that Rani will continue to play a leading role in the sustainable growth and development of the tourism and hospitality sector in the country.”