Date: May 2018
Location: Close to Bamako’s Modibo Keïta International Airport, in the ACI 2000 neighbourhood, Mali
Name: Sheraton Bamako – five star
No. of Keys: 200, incl 25 presidential suites
Construction: Kinza Corporation, HQ in Turkey, builder of several hotels in Turkey, Romania, Hungary, Russia and Cyprus, including the Hilton Garden Inn Istanbul Airport and Grand Tarabya in Istanbul.
Owner: Koiraholding Group, promoter of the project, whose chairman is Cesse Kome and owners of the Radisson Bamako and the Radisson Blu at Abidjan Airport.
With an great location affording panoramic views of the Niger river, Cesse Kome says “the hotel seamlessly blends modern, elegant design, with distinct local touches to create a vibrant aesthetic and a compelling sense of place.”
All the guestrooms have panoramic views of the Niger river and the lush green hillside dotted with mango plantations, offering the Sheraton Signature Sleep Experience.
With more than 820 square meters of dedicated meeting space, Sheraton Bamako Hotel features 11 meeting rooms including a 478 square meter Grand Ballroom as well as a fully equipped business centre, with state-of-the-art facilities.
“We are thrilled to build on Sheraton’s proud heritage in Africa that dates back to 1971 (Sheraton Cairo, Egypt),” said Alex Kyriakidis, president and managing director, Middle East and Africa, Marriott International.
Price: The investment needed US$ 60 million (more than 39 billion CFA francs). The investment vehicle will be backed by diversified financing portfolios (banking pool, sponsors’ contribution) for the short-term mobilisation of funds.
Price per Key: US$300,000
THPT Comment: Meanwhile Cape Town has the largest pipeline of planned hotel development in South Africa, despite showing a decrease in total planned guestrooms, according to a report from W Hospitality Group.
Cape Town has 25 percent of the South African development pipeline with 1,063 guestrooms in six hotels. Durban has 16 percent with 697 guestrooms in five hotels. The city’s pipeline increased 40 percent from last year in terms of total guestrooms.
Pretoria has 11 percent of the pipeline with 463 guestrooms in three hotels. Johannesburg has only 10 percent of the pipeline with 432 guestrooms in four hotels, and Umhlanga has 7 percent of the pipeline with 298 guestrooms in two hotels.
Development is slowing down in Cape Town and Pretoria. The number of planned guestrooms is down 22 percent and 28 percent, respectively, compared with 2017. In contrast, the pipelines in Durban, Johannesburg and Umhlanga are growing 40 percent, 23 percent and 113 percent, respectively.
“While Cape Town continues to offer great opportunities for hotel investment, it is exciting to see new hotel construction projects all over South Africa, in places such as: Addo, Ballito, Boschendaal, Hermanus, Kruger, Malelane, Mossel Bay, Nelspruit, Paarl, Polokwane, Port Elizabeth, Rosebank, St. Francis, Stellenbosch, Tsitsikama and Umfolozi,” Trevor Ward, managing director at W Hospitality Group, said in a statement.