Namibia: Union's Offer for Transnamib Hotel Still On Table

13 April 2021
New Era (Windhoek)

Both TransNamib and the National Union of Namibian Workers yesterday confirmed an offer is still on the table by the Swapo-affiliated union to purchase the four-star Swakopmund Hotel and Entertainment Centre for N$155 million. However, TransNamib noted it cannot yet consider the offer while a court case with its business partner in the venture is still ongoing.

"Currently, there is a litigation process for the Swakopmund Hotel. TransNamib owns 50%, while Stocks & Stocks (Leisure) owns the other 50%. It is our objective to ensure that whatever we do is in the best interest of TransNamib and, therefore, our interest of 50% in Swakop Hotel is of prime importance to us - and this remains our focus. Our intention is, therefore, to find the most appropriate solution for the current situation and to ensure sustainability of the hotel," said TransNamib's spokesperson Abigail Raubenheimer.

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