Marasa Africa, a subsidiary of the Madhvani Group, has started rehabilitation of 100-room Marasa Umubano Hotel in Kigali.
The first phase of the project will cost over Rwf8.5 billion ($10 million), and is expected to be completed after six months.
“We plan to complete the entire façade renovation except the ground in the next six months. The refurbishment will happen sequentially and in a very systematic way, which will help us to operate the hotel and as well carry out the renovations,” said Parasuramn Eswar, director of corporate affairs at Madhivani Group.
Marasa Africa bought Umubano Hotel on April 1, 2017 from the government of at $20 million after it was reposed from Libyan government, which owned majority stake in the hotel but failed to renovate it for years.
Officials who closely followed the liquidation process of Umubano Hotel after the time Libyans were kicked out of the business say the value of the hotel was $49 million, but government settled for less.
TripAdvisor — the largest travel site — said besides the need to paint outside walls of the hotel, the façade and the curtains are greying behind old windows and soviet style concrete balconies.
Tour operators are optimistic that the strategic location of Marasa Hotel—near Kigali Convention Centre its site in Kacyiru — will help the new investor attract clients.
“The ongoing major facelift will lift Marasa Umubano’s standing on the market,” said Gregg Bakunzi, chief