NSSA iden­ti­fies new firm to re­open Beit­bridge ho­tel

The Herald (Zimbabwe) - - Masvingo & South-West News - Thu­peyo Mu­leya, Beit­bridge Bureau

THE Na­tional So­cial Se­cu­rity Author­ity (NSSA) has iden­ti­fied a new com­pany that will re-open its $39 mil­lion ho­tel in Beit­bridge which was closed in May 2016.

The 136-roomed state-of-the-art fa­cil­ity was formerly leased by the Rain­bow Tourism Group (RTG), which pulled out fol­low­ing two years of suc­ces­sive losses.

Sources close to the deal said the ho­tel will be re­opened with mixed fa­cil­i­ties, in­clud­ing ac­com­mo­da­tion, a casino, ter­tiary in­sti­tu­tion and ser­viced apart­ments.

NSSA’s act­ing gen­eral man­ager Mr Emerson Mung­wariri con­firmed the de­vel­op­ment say­ing it was pre­ma­ture to re­lease the name of the new com­pany.

“The author­ity has reached an agree­ment with a po­ten­tial part­ner sub­ject to fi­nal com­mer­cial ar­range­ments for a mixed use op­er­a­tion at the prop­erty. The agree­ment has not been fi­nalised yet,” he said.

“We can­not re­lease the name of the new com­pany be­cause we are sen­si­tive to com­mer­cial ar­range­ments. How­ever, the play­ers are a mix of lo­cal ex­perts with cur­rent op­er­a­tions and an in­ter­na­tional part­ner look­ing to ex­pand their brand on the African con­ti­nent.

“You will note that we did em­bark on a pub­lic ten­der in July 2016 and the bid­der re­sponded to that ten­der and cur­rently the lease pe­riod is un­der ne­go­ti­a­tion and will be sub­ject to per­for­mance on any re­newal pe­riod”.

He said rental at the prop­erty will be at com­mer­cial rates to en­sure sus­tained re­turns to the in­vest­ment.

Mr Mung­wariri said the build­ing is in good con­di­tion, although some touch ups will be done be­fore the re-com­mis­sion­ing.

He said the in­vest­ment was made to be an on­go­ing gen­er­a­tor of rev­enue and to con­trib­ute to the tourism po­ten­tial of Beit­bridge town.

“We ex­pect div­i­dends to go beyond mar­ket rentals and to in­clude foreign cur­rency gen­er­a­tion, em­ploy­ment cre­ation and sup­ply chain op­por­tu­ni­ties for sup­pli­ers in the Beit­bridge area,” he said.

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