Kingdom Hotel Buys Movenpick Mauritius
MAURITIUS, April 4, 2006. Kingdom Hotel Investments has acquired Movenpick Resort & Spa Mauritius for 50 mln usd including bank debt of $19.5 mn.
After the purchase KHI will be the sole owner of the five star hotel, formerly Movenpick Voile d'Or Resort & Spa, which is located in the newly established Bel Ombre resort area in Southwest Mauritius.
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