Dubai, 13 March 2022, Barrows, the provider of hotel investment and advisory services for hotels in the Middle East and Africa, advises West African developer in raising financing for a high exclusive hotel resort in Mauritius called Lagoon Gardens.
Barrows will raise the funding within its institutional and banking network combined with a registered bond structure with West African developer Atalian. Both parties are focused on large-scale hotel developments and have signed into a capital acquisition agreement for the realization of this project. The total asset value of the deal is 95 million USD.
In addition to advising and raising capital, Barrows will advise in contracting a 5 star hotel operator to operate the hotel activities for Lagoon gardens in Mauritius. As soon as all agreements are signed and the capital has been provided, the construction period will start right away. All legal permits are given out already, says Chairman Erwin Jager of Barrows Hotel Enterprises.
After the Global Pandemic, this is a unique opportunity for many investors and 5 star hotel operators to enter the West African continent and establish themselves in a very modern and unique environment focused on tourism and business. Growth and location value are very important factors here.
Barrows Hotel Enterprises internationally manages over 10,000 hotel rooms in more than 10 countries. The Dubai based company started in 2008 as a real estate investor in the residential market in Dubai. Since 2012, Barrows has changed its strategy and the company is fully focused on the fast-growing hotel industry in the Middle East. Since 2020 Barrows is active in the entire MENA Region including West Africa.
Company Name: Barrows Hotel Enterprises
Contact Person: Erwin Jager
Address: Dubai – Sheikh Zayed Road – Aspin Commercial Tower
Country: United Arab Emirates