Tamassa Resort

The 214 key 4-star opened in 2007 and was built to international upscale standards with an average room size of 44 square meters. The opportunity exists to reposition the hotel as 4-star deluxe, to expand the room inventory and to expand the food & beverage and conference facilities to boost revenues and to enhance the guest experience.

The Resort is under a direct head lease agreement with the Mauritian State for an initial period of nineteen years and a fraction period expiring in June 2024 with option periods to the tenant of a further four consecutive periods of ten years (effective lease expiry in 2064).

Tamassa was awarded Tripadvisor Travelers Choice Award 2016 and Tripadvisors prestigious Certificate of Excellence 2016.

The Resort is operated by LUX* Resorts & Hotels, a member of Lux Island Resorts Co Ltd, which is listed on the Stock Exchange Market of Mauritius and is an affiliate member of IBL a major economic player in the Indian Ocean, leader of the “Top 100” Mauritian companies. IBL is active in key sectors of the Mauritian economy, representing a portfolio of approximately 300 subsidiaries and associated companies.

Other properties managed by LUX* Resorts & Hotels are Merville Beach, Grand Baie, Mauritius and Hôtel Le Récif, Réunion Island, as well as Ile des Deux Cocos, Mauritius, a private paradise island.

Location

Bel Ombre, Mauritius

Anchor Tenant

Lux Island Resorts

Sector

Hospitality

Land Title

Leasehold

Number of Rooms

214

Valuation (as at June 2017)

US$42.3 million

Transfer Date

End March 2017

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