A NEW upmarket hotel is on the cards in Victoria Falls as the prime tourism destination continues to attract increased investments in new facilities under the Second Republic.
Property investment company, Mashonaland Holdings, with interests in health, retail and commercial, is spearheading the project after securing a 1,4-ha piece of land near an existing big hotel facility.
Mashonaland Holdings has partnered with Time Hotels, an international premier collection of United Arab Emirates modern and stylish hotels, that visited Victoria Falls last year to scout for investment opportunities.
Addressing tourism stakeholders and buyers at the Zimbabwe Investment Forum that was organised by ZTA as a side event to the recent Sanganai/Hlanganani World Tourism Expo in Bulawayo, Mashonaland Holdings chief finance officer, Mr Kudakwashe Musundire, said concept designs are being done and this will clarify the total investment that will be put into the project which is expected to start in a few months.
Mashonaland Holdings has completed building a US$3 million 20-bed hospital in Milton Park, Harare in partnership with a health service provider. The project is 98 percent complete and plans are underway to start operating in the next few weeks or months, according to Mr Musundire.
Mashonaland Holdings is also into housing projects and looking at opportunities to partner with different local authorities in the country.
“As Mashonaland Holdings we are super excited to be part of the tourism sector in Zimbabwe. We have got a number of projects that we are at the moment working on, some of them not directly related to the tourism sector,” said Mr Musundire.
The hotel will be strategically located to give a view of the Victoria Falls waterfall and Zambezi River from the facility.
Source: New hotel for Victoria Falls (18/10/23)
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