Long beach belonging to Sun Resort's hotel group is scheduled to resume operation at the end of the year and will be the first hotel to sell hotel rooms of Hotel Investment Scheme (IHS).
Coco Beach Hotel Of the 255 rooms of Long Beach built in the premises of Belle Mare, 90 rooms are sold to Mauritian and foreigners all over the world. The hotel needed an investment of Rs 2.5 billion.
In December last year, the IHS seven hotel construction projects were reviewed by the BOI. Two companies, Sun Resorts Ltd and Ramloll Bhooshan Property Ltd., were approved. Nicolas de Chalain, Managing Director of Sun Resorts, declared that there are many applications. It was also in the context of economic democratization. They offer Mauritian the opportunity to have fortune on the beach. The cost of the room depends on the majority of promoters and construction costs.
Purchasers can stay for up to 45 days free of charge in the hotel room annually. For the rest of the year the room can be borrowed by other guests.
Buyers have the opportunity to sell homes, but under certain conditions, however. Nicolas de Chalain also highlighted the fact that IHS definitely helped cash flow. It is also an investment for clients, especially Mauritania. We have lifestyle and service. There is a ROI.
The IHS program announced in the 2009 budget speech will provide an alternative financing mechanism to hotel developers. This scheme allows you to accelerate the construction of new hotels by selling hotel rooms, villas, suites or other complex facilities in the hotel to individual buyers. Meanwhile, Bhooshan Ramloll, director of Bhooshan Company, explains that they have great potential for selling hotel rooms. They were trying to diversify the activities of constructing hotels in the context of HIS. On the Grand Gaube, the hotel Ramloll Bhooshan Property Ltd, which includes about 200 rooms, will be built. The investment in this project will be Rs 2 billion. IHS aims to broaden the scope of opportunities for the tourism industry besides tools for raising funds.
As an integral part of BOI's investment strategy, it is considered to allow a wide range of Mauritius population to participate as investors, contractors, developers in the tourism sector.
