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Follow on Google News | Capital Corp Signs $15.4 M Funding Deal for Safari Lodge in Zambia, AfricaCapital Corp Merchant Banking is pleased to announce that it has signed on for a $15.4 M project with Zambian corporation Playland Limited to create the Cresta Mukuni Safari Lodge Victoria Falls.
By: Capital Corp Merchant Banking, Inc. The aim of the project is to build an internationally recognized 4-star Safari Lodge with modern facilities: amenities and conveniences will cater for incentive groups from Europe and America with facilities that can also be used for local and regional markets in the European off-season. Apart from hotel accommodations, the project will offer other timeshare facilities that will cater to both local and foreign clientele. The business concept of the project is strong, given the significant gap in the market for Safari and wilderness type high-end hotels in the Victoria Falls area where only 70 hotel rooms exist on the Zimbabwean side, and with limited conference facilities. In order to have a quick impact on the market and to enhance its position, Playland Limited has signed a management contract with Cresta Hospitality is one of the biggest hospitality groups in southern Africa managing and operating 13 properties in 3 countries (Zimbabwe, Botswana, and Nigeria), to manage its property. This will provide the development with the key personnel, marketing strategies, and implementation strategy needed to insure a smooth and efficient development. Cresta Mukuni will be twinned with the famous Cresta Mowana Safari Lodge situated in the Botswana National Park, which has won major international awards. About Capital Corp Merchant Banking: Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking has developed close working relationships with groups of Professionals: About Mr. Gilles Herard Jr: Mr. Gilles Herard Jr. who with his 35 plus years in Banking has developed the necessary Professional and Political “Contacts” # # # CCMB provides tailored solutions and funding packages in domestic and international project financing by way of equity funding and debt financing - for existing middle-market companies as well as start-ups. End
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