Leading hotelier,
Presenting the group's performance for the full year ended
The project was completed within three months and was the hotel's first full room refurbishment since its construction in 1985.
"The scope of works included plumbing, electrical, ceiling works, new bathrooms, installation of two brand new guest elevators and new in-room furniture and fittings at a total project cost of an equivalent of
To date, the hotel group has spent
Similar works have been undertaken at the
The project has in turn created downstream opportunities for building material suppliers and scores of job seekers in the construction sector.
Meanwhile, during the period under review, occupancy for the year under review closed at 26% compared to 47% recorded in 2019.
The group posted revenues of
With the closure of the two hotels in
"The group enjoys a superior location advantage as 80% of its rooms stock sit on the commercial trunk of the country - the Harare Bulawayo trunk, with optimum dispersion. As a result, the group benefited from the residual economic activity during the hospitality slowdown in 2020," added Manase.
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