Bloomberg News

Actis, Mon Loisir to Partner With Centara in Mauritius Hotels

June 09, 2011

June 9 (Bloomberg) -- Actis LLP, a London-based private equity company, and Groupe Mon Loisir, a Mauritian investment holding company, plan to form a partnership with Centara Hotels & Resorts of Thailand to build two hotels in Mauritius.

Indian Ocean Real Estate Co., a joint venture between Actis and Groupe Mon Loisir, will invest 1.5 billion rupees ($54 million) in the Centara hotels to help attract Asian tourists, Murray Adair, the Port Louis-based company’s chief executive officer, said in an e-mailed response to questions on June 7. The 98-room Centara Poste La Fayette, one of the planned hotels, will probably open toward the end of 2012, he said.

Centara “are firmly center stage in tapping the highly lucrative Asian market that many hotel operators desire to reach,” Adair said.

Tourist arrivals to Mauritius from Asia surged 29 percent in the first quarter, led by India and China, while arrivals from Europe, the biggest source of visitors, rose 2.3 percent, according to the country’s statistics office. Tourism is the one of the country’s main sources of foreign currency, with revenue expected to rise 7.7 percent to 42.5 billion rupees in 2011, the statistics office said on Feb. 25.

Air Mauritius Ltd., sub-Saharan Africa’s fourth largest airline, will operate weekly flights to Shanghai from next month with a stop-over in Kuala Lumpur, the government said on May 27. A direct weekly flight is scheduled for February 2012, rising to two in October.

--Editors: Gordon Bell, Ana Monteiro

To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at kbhuckory@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net


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