Mauritius | Hospitality

June 09, 2011

Actis and Mon Loisir to partner with Centara in Mauritius Hotels Venture

Actis LLP, a London-based private equity company, and Groupe Mon Loisir, a Mauritian investment holding company, plan to form a partnership with Centara Hotels & Resorts of Thailand to build two hotels in Mauritius.

Indian Ocean Real Estate Co., a joint venture between Actis and Groupe Mon Loisir, will invest 1.5 billion rupees ($54 million) in the Centara hotels to help attract Asian tourists, Murray Adair, the Port Louis-based company’s chief executive officer, said in an e-mailed response to questions on June 7. The 98-room Centara Poste La Fayette, one of the planned hotels, will probably open toward the end of 2012, he said.

Centara “are firmly center stage in tapping the highly lucrative Asian market that many hotel operators desire to reach,” Adair said.

Text by Bloomberg
 

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