Malawi Stock Exchange (MSE)- listed hospitality chain, Sunbird Tourism PLC, has said its new100-bedroom three-star hotel to be constructed in Salima District will cost K3.5 billion.
Sunbird Tourism PLC Chief Executive Officer, Yusuf Olela said in an interview that the project is expected to commence in August 2018.
The development will bring the number of Sunbird hotels in the district to two, after Sunbird Livingstonia.
Olela said there has been growing demand for quality hotel facilities in the lakeshore district, hence the decision to construct the new facility.
He said demand is mainly driven by both leisure and business segments and this emanates from the source market of Lilongwe as well as the Southern Region.
“This has actually been necessitated by lack of capacity within the properties along the lake. So, beginning August this year, we are going to commence construction of a new foster property just next to the existing Sunbird Livingstonia and the project will take two years,” Olela said.
Currently, the company is renovating and expanding capacity at Livingstonia Hotel to increase number of rooms from 35 to 44.
Olela further disclosed that the hotel chain has pumped over K1 billion in the rehabilitation project, which is expected to be completed by November this year.
Recently, the company completed renovation of rooms at Lilongwe Hotel and opened a new bar.
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