Minor Hotel Group Announces Strategic Partnership With Rani Investment in Africa
Bangkok, 22 August 2013: Minor Hotel Group (MHG), a hotel owner, operator and investor, has announced the formation of a long term strategic partnership agreement with Rani Investment LLC, the owner of high end resorts across Africa.
The two organisations have formed a joint venture company for ownership of Indigo Bay Resort & Spa in Mozambique, with plans for further expansion in Africa. Located on Bazaruto Island, 30km off the east coast of the country, Indigo Bay is a five star 44-villa resort, and will be re-branded to Anantara Bazaruto Island Resort & Spa later this year and managed by Minor Hotel Group.
This new addition to MHG’s portfolio takes the number of properties in operation to 94 and adds a new country of operation, taking the total to thirteen.
The new strategic partnership will explore more opportunities in Mozambique, including in the 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 re-brand and will be flagged with MHG’s international hotel brands, including Anantara, the recently launched contemporary upscale brand AVANI and the serviced apartment Oaks brand which is currently expanding into Asia and the Middle East.
Dubai-based 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 Minor Hotel Group, commented, “We are excited to be partnering with Rani Investment and are looking forward to working closely with them to grow our portfolio in Africa, specifically in Mozambique to begin with. We are already present in Tanzania and Kenya through our partnership with Elewana Collection and we are keen to expand further into other parts of this vast continent where there is so much untapped opportunity.”
Salim Bitar, CEO Rani Investment LLC, added, “For more than a decade, Rani Investment has recognised the major potential of Mozambique as a premium tourism destination. As we embark on the next phase of our expansion in Africa, we are delighted to be working alongside internationally recognised hospitality brands such as Minor, which will enable us to contribute to and capitalise on the success of the country’s rapidly growing economy.”
About Minor Hotel Group
Minor Hotel Group (MHG) is a hotel owner, operator and investor, currently with a portfolio of 52 hotels and 42 serviced suites in operation under the Anantara, AVANI, Per AQUUM, Oaks, Elewana, Marriott, Four Seasons, St. Regis and Minor International brands in Thailand, Indonesia, Vietnam, Malaysia, China, the Maldives, Sri Lanka, Tanzania, Kenya, Mozambique, the UAE, Australia and New Zealand. AVANI was created to complement MHG’s five star Anantara brand which currently offers enriching destination experiences in 23 locations with a target of 50 properties in operation and under development by 2015.
About Rani Investment
Rani Investment is a Dubai based Investment firm for Aujan Group Holding with more than $300 million of committed investments in the Middle East and Africa. Its mission is to ensure superior returns to its shareholders through pioneering investments that are guided by its philosophy of long term horizon and tolerance for measured risks. Aujan Group Holding is active in a wide range of industry sectors, including soft drinks, packaging materials, hospitality, real estate and mining. With a history dating back over a hundred years, Aujan Group Holding has successfully leveraged its geographical footprint and industry experience to become a regional corporate powerhouse. The Group’s operations are focused on the fast growing Middle East, North Africa and Southern Africa regions, but its brands are present in more than 70 countries across the globe. For further information visit: www.rani-invest.com
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