Ocean Leisure Company Ltd

completed

IFA Hotels & Resorts and Kingdom Hotel Investments (‘the sponsors’) recently acquired an existing 60 room resort situated on the north east coast of Zanzibar, some 50 km north east of the commercial centre of Stone Town. The project includes the acquisition, addition of 49 new guest rooms, and refurbishment / upgrading of current facilities at a total cost estimated to be about $20 million. The renovated Resort will be operated by Mövenpick Hotels & Resorts. It will consist of low-rise, single story bungalows and entertainment areas. The site comprises a 10.8 ha plot with 450 m of beach frontage and extends 220 – 280 m inland from the high water mark, in an area zoned for tourism development by Zanzibari authorities. There are no forests or protected areas nearby, and although there are coral reefs roughly 1 km offshore these will not be impacted by operations. Ocean-based activities will be non-motorized. Most staff will live off-site and be bussed to the Resort daily.