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IFA Hotels & Resorts (IFA HR) has announced its entry into the Namibian hospitality market through a joint venture agreement with the Ohlthaver & List (O&L) group of companies, the leading private sector group in Namibia. The joint venture is valued at approximately US$ 75 million. Through the venture, IFA HR has also introduced five star luxury hospitality partner Kempinski Hotels (Kempinski) to Namibia in an agreement that will see the international hotel brand operate all four of the joint venture hotel properties.
Kempinski Hotels is Europe’s oldest luxury hotel collection and in 2007, Kempinski is celebrating 110 years of history, exclusivity and distinctive luxury. While the Group was founded in Germany, its portfolio is now spread throughout Europe, Middle East, Africa, South America and Asia with properties in locations such as Abu Dhabi, Beijing, Berlin, Budapest, Djibouti, Istanbul, London, Moscow, St Moritz and Zanzibar.
The hotels that will be re-developed as a result of the joint venture are currently branded and operated within the Namib Sun Portfolio. The initial properties falling under the joint venture include The Strand Hotel, King’s Den Lodge, Mokuti Lodge and a fourth hotel to be developed in Windhoek. IFA HR SA will also assess the potential for residential and retail opportunities surrounding these properties, with a view to integrating them to the adjoining hotel properties.
The Strand Hotel in Swakopmund is a medium-sized hotel with beach and garden views located on the shores of the Atlantic Ocean. The King’s Den
Lodge is on the banks of the Chobe River in the North Eastern Caprivi strip, with access from Botswana and Victoria Falls in Zimbabwe. The King’s Den Lodge is uniquely appointed with panoramic views of the Chobe River and each chalet is custom built. The Mokuti Lodge, situated on the gateway of the world renowned Etosha Park, is famous for its spectacular game viewing, superb conference facilitates and luxurious private chalets with all amenities.
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