Continuing its aggressive expansion, Dubai-based LEVA Hotels &
Resorts has entered into a management agreement with Prism Construction Company
to operate the beautiful Emin Pasha Lake View Hotel Residences. Situated in
Muyenga at Tank Hill in Kampala overlooking the famous Lake Victoria, the
stunning hotel is scheduled to
open in the 3rd quarter of 2020 and features 56 well-appointed rooms equipped with
outstanding amenities.
ICREA team and the
founding partners have been instrumental in managing this partnership of Leva
Hotels and Prism Construction. ICREA has combined expertise and in-depth
knowledge of finance
(debt & equity), underlining real estate sector, education
operators & investing companies in executing projects successfully
through powerful financial consulting,
strategic advisory, creative structuring & risk mitigation.
Mr. Kennedy Losuk Loluke, Owner and CEO of Prism Construction Company,
stated, “LEVA Hotels & Resorts is a distinctive brand and we are very
pleased to be the first one to welcome it to Uganda. We are confident under the
management of LEVA, Emin Pasha Lake View Hotel Residences will continue to
excel achieving greater success.”
The Emin Pasha Lake View Hotel Residences offers a refreshing and
relaxing experience with unrivalled views of Lake Victoria which is the largest
lake in Africa and the second largest freshwater lake in the world.
Mr. JS Anand, Founder and Chief Executive Officer of LEVA Hotels &
Resorts, said, “Uganda is a remarkable destination. We
are delighted to partner with Prism Construction Company and extremely grateful to the group for
giving us this fantastic opportunity. Africa is one of the key growth markets
for us and we are thrilled to debut in the continent with an exceptional
property like Emin Pasha Lake View Hotel Residences.”
Located merely 1.1km from Independence Monument in the city, the Emin
Pasha Lake View Hotel Residences is Kampala’s first boutique hotel. It boasts impressive
recreation and meeting facilities including a beautiful garden, an outdoor
swimming pool, sauna and steam room, state-of-the-art gym, spa, all-day-dining
restaurant, rooftop restaurant and meeting rooms.
The hospitality Industry in Uganda is witnessing incredible
growth with tourism arrivals increasing year on year. According to industry
reports, domestic demand supported by healthy private sector as well as
investments in public infrastructure together with foreign direct investment
inflows are driving the growth.
Arabic