Palma Guinea

completed

The Project involves the construction of the first internationally branded 5-star hotel in the country by Palma Guinée (the “Client” or the “Company”), which will be operated by Starwood, under the Sheraton brand. Characteristics of the property are: a 12-floor building above the ground floor which will permit all rooms to have a sea view, 186 guest rooms, 85 twin suites, 20 executive suites, 11 junior suites and one royal suite, 4 restaurants, 6 meeting rooms and one ballroom, shops, pool, spa/fitness center, children’s play room, 2 bars and public terraces. The Project will be located on a 45,000 sqm-land plot in a prime sea facing location of Kipe, downtown Conakry, granted in May 2012 by the Government of Guinea (GoG) for a lease period of 60 years with an option to renew for a further 20 years.