Bel Ombre, Mauritius
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.
Property Details
Tamassa Resort
Hospitality Sector
100% Ownership
| Location: | Bel Ombre, Mauritius |
| Anchor Tenant: | Lux Island Resorts |
| Acquisition Price: | €37.2 million |
| Valuation1 (as at Dec 2019): | US$53.1 million |
| Acquisition Date: | Tuesday, 28 March 2017 |
| WALE – GLA: | 7.17 |
| WALE – Income: | 7.17 |
| Land Title: | Leasehold |
| GLA1: | 21 567 m² |
| EPRA Vacancy: | 0.0% |
| Number of Rooms: | 214 |
| EPRA NIY: | 5.9% |
1 Value presented proportional to ownership interest held, 100% GLA reported
