Date: May 2018
Location: Longacres suburb of Lusaka, Zambia
Name: Park Inn by Radisson Lusaka Longacres – opening 2020
No. of Keys: 136
Buyer: The project will be developed and owned by the local Public Service Pension Fund.
The PSPF’s Head of Projects Francis Nyirenda who was in transit from signing the deal in Cape Town said that a total sum of US$72 million has been invested in the full construction of the mixed use development that includes this very hotel, a shopping mall, an entertainment centre and an office park.
Nyirenda stated that Radisson was selected among other possible global hotel brands due to its reputation in the hotel industry.
We looked at other possible hotels to partner with as this agreement involves the awarding of a management contract to run the hotel, it will be more on management fees and revenue share with clearly agreed performance targets.
Located in the Longacres suburb of Lusaka, the hotel will be situated in a prime location within the city’s concentration of embassies, diplomatic missions and United Nations (UN) offices. It will form part of a mixed-use development, including a 9000m2 shopping mall, which – along with an increasing number of businesses – will support the hotel in establishing itself as a destination in Lusaka.
Elie Younes, Executive Vice President & Chief Development Officer, Radisson Hotel Group, said: “We’re delighted to bring Park Inn by Radisson to Zambia, where tourism is growing.
Having successfully operated in Zambia since 2012 with Radisson Blu, we now look forward to introducing Park Inn by Radisson, our upper midscale brand in this emerging market.”
The 136-room Park Inn by Radisson Lusaka Longacres will open in 2020 and will offer a mixture of standard rooms and suites, along with an all-day dining restaurant and bar. The Meetings & Events area will include one ballroom, three meeting rooms and a boardroom. The hotel will also house a well-equipped gym.
Radisson is locally headed up by Andrew McLachlan, Senior Vice President of Business Development, Sub-Saharan Africa,
Public Service Pension Fund (PSPF), owners of Park Inn by Radisson Lusaka Longacres said: “We are delighted to partner with the Radisson Hotel Group in introducing the Park Inn by Radisson brand to Lusaka.
Price: US$72m – mixed-use development
THPT Comment: Radisson Hotel Group’s Africa portfolio consists of 83 hotels and more than 17,500 rooms in operation and under development.
First Seen: Radisson website