Summary of Proposed Investment
Project Number
25686
Company Name
THE COMPAGNIE RWANDAISE D'HOTELLERIE ET TOURISME
Date SPI Disclosed
Apr 4, 2007
Country
Rwanda
Industry
Tourism, Retail and Property
Projected Board Date
May 4, 2007
Status
Completed
Sector
City and Business Hotel
Department
Regional Industry - MAS Africa
Environmental Category
B - Limited
Previous Events
Approved : May 22, 2007
Signed : Jun 1, 2007
Invested : Jan 30, 2009
Project Description
The project entails the partial funding of the acquisition of Hotel des Mille Collines (Mille Collines) and its refurbishment. Mille Collines is a 4-star, 112-room hotel in Kigali, Rwanda. It was originally built in 1973 and extended in 1987.
The hotel was bought by its current owners in August 2005 from Sabena (which owned 89.2%), the Government of Rwanda (8.4%), and the Rwanda Development Bank (2.4%).
The purpose of the renovation is to upgrade the hotel to match current international hotel standards and allow it compete effectively with other top hotels in Kigali.
The renovation is expected to comprise the upgrade of the existing rooms, expansion and upgrade of the reception area, pool area and business centre, and the creation of a new nightclub and gym. Certain equipment (such as lifts), doors and windows may be replaced or refurbished. The renovation is expected to take about a year.
The hotel was bought by its current owners in August 2005 from Sabena (which owned 89.2%), the Government of Rwanda (8.4%), and the Rwanda Development Bank (2.4%).
The purpose of the renovation is to upgrade the hotel to match current international hotel standards and allow it compete effectively with other top hotels in Kigali.
The renovation is expected to comprise the upgrade of the existing rooms, expansion and upgrade of the reception area, pool area and business centre, and the creation of a new nightclub and gym. Certain equipment (such as lifts), doors and windows may be replaced or refurbished. The renovation is expected to take about a year.
Sponsor / Cost / Location
Development Impact
Related ESRS/ERS
Contacts
For Inquiries About the Project, Contact
Jean de Dieu MBARUSHIMANA
P.O. BOX 1322, Kigali, Rwanda
Telephone:+250 576530
Fax:+250 577059
E-mail: jmbarushimana@millecollines.net
The environmental documents will be accessible to locally affected communities at the:
- World Bank Group InfoShop at 701 18th Street N.W., Washington, D.C, USA;
- Public Information Center, The World Bank Country Office, SORAS Building; Boulevard de la Revolution, Kigali, Rwanda, and
- IFC’s website at www.ifc.org.
P.O. BOX 1322, Kigali, Rwanda
Telephone:+250 576530
Fax:+250 577059
E-mail: jmbarushimana@millecollines.net
The environmental documents will be accessible to locally affected communities at the:
- World Bank Group InfoShop at 701 18th Street N.W., Washington, D.C, USA;
- Public Information Center, The World Bank Country Office, SORAS Building; Boulevard de la Revolution, Kigali, Rwanda, and
- IFC’s website at www.ifc.org.
For Inquiries and Comments About IFC, Contact
General IFC Inquiries
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster
IFC Corporate Relations
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384
E Mail: Webmaster