East African Business Week (Kampala)
Bosco Hitimana
4 October 2008
Kigali — Hôtel des Mille Collines, a renowned hotel in the Hotel Rwanda Movie has earmarked $5million for renovation of the hotel facilities and outlook.
The hotel has been given undisclosed amount of money as a loan by the International Finance Corporation (IFC), payable in ten years.
The renovations announced in the hotel's premise last week by the hotel officials, will see the hotel change its outlook and purchase new interior design facilities.
PIRARD, a Rwandan construction company won the tender to refurbish the hotel.
The Hotel's director of Administration and Finance, Mr. Jean de Dieu Mbarushimana said they would close shop in the first three weeks of October for demolition period to take place, and open towards end of October for business as usual.
This will see one wing of the hotel done while another one will be worked upon after two months.
Hotel des Mille Collines has 113 rooms. It is owned 89% by Mikcor Investment Holdings which purchased shares owned by Sabena, a Belgium flight company in 2005 to the tune of $3.4million.
The hotel is supplied by 30 local business people and employs more than 155 employees.
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