The Caterer
Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

Kingdom Hotel Investments buys Mauritian resort and spa

07 April 2006

Kingdom Hotel Investments (KHI) has bought the Movenpick Resort & Spa in Mauritius.

The five-star 181-bedroom resort cost the company $50m (£28.5m), including $19.5m (£11.1m) of assumed bank debt.

The hotel and 18-hole golf course has been open since 2004 and has been operated by Movenpick since October 2005.

Movenpick will continue to run the African resort in the newly established Bel Ombre area of South Mauritius.

Chairman of KHI, Prince Alwaleed bin Talal, said: "The acquisition is firmly in line with our strategy to build a group of the world's leading destination resort hotels."

KHI will be the sole owners and are not planning any immediate renovation work.

By Alix Young

Get your copy of Caterer and Hotelkeeper every week -

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Check mark icon
Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.

close

Ad Blocker detected

We have noticed you are using an adblocker and – although we support freedom of choice – we would like to ask you to enable ads on our site. They are an important revenue source which supports free access of our website's content, especially during the COVID-19 crisis.

trade tracker pixel tracking