Tamassa Resort

Mara Delta expands African footprint with acquisition of Tamassa Resort in Bel Ombre, Mauritius

  • Binding sale agreement with Néréide Limited (wholly owned subsidiary of Lux Island Resorts Limited) for a purchase consideration of US$40 million
  • Approval from the Board of Investment and Prime Minister Office in Mauritius obtained
  • Sale and leaseback deal based on an 8% Euro-return, with a geared return in excess of 10% in Euro
  • 10 year, Euro denominated, triple-net lease, 1% minimum annual escalation, guaranteed by Lux

Rated Trip Advisor’s best hotel in Africa, 3rd best worldwide, in the Travelers’ Choice Top Hotels in the World 2017 (all-inclusive package)

Sector

Hospitality

Anchor Tenant

Lux Island Resorts

Location

Bel Ombre, Mauritius

Land Title

Leasehold

No of Rooms

214

Valuation

US$ 42.3 million

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