Rwanda: Senena Hotels in $15 Million Expansion

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Rwanda News Agency/Agence Rwandaise d'Information (Kigali)

12 August 2008
Posted to the web 12 August 2008

Kigali

Serena Group of Hotels is to expand one of its bigger hotels in Rwanda to world class five-star hospitality center with new amenities, senior officials from the parent company said Tuesday.

The 104-room five-star Serena hotel based in the heart of the Kigali will be given 50 additional guest bedrooms, a modern health and fitness centre and general upgrade of the hotel facilities, according to Mr. Mahmud Jan Mohamed, the Managing Director for Serena Hotels Africa.

At a cost of $15 million (about 8.1 billion Francs), ROKO Construction company will put the Kigali Serena Hotel on the regional map as a top destination for high-end guests, after the two companies signed an agreement at the hotel's premises.

Construction starts September 01.

Kigali Serena Hotel was formerly the government-owned Kigali InterContinental Hotel but was taken over last year by the Tourism Promotion Services (TPS), an arm of the Aga Khan Fund for Economic Development (AKFED).

The Serena parent company scooped a 30-year Concession to take over two the Kigali InterContinental Hotel and four-star Kivu Sun Hotel in northern Rwanda - on the shores of Lake Kivu. Both changed to Serena.

Relevant Links Central Africa Economy, Business and Finance Company News Rwanda Travel and Tourism

In October last year, the Aga Khan won a 12 million dollar boost from the World Bank and a German investment bank KfW Bankengruppe for these same investments.




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