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Reef Hotel in Seychelles sold

Reef Hotel in Seychelles sold

Anne-Lise Mestry of L’Express.Mu of Mauritius broke the news this week that the former Reef Hotel of the Seychelles was in the process of changing hands.

“The former Reef Hotel, now converted into a dormitory in Anse Aux Pins, Seychelles, should be purchased by Dr. Krishan Malhotra, Sir Anerood Jugnauth’s son-in-law. While waiting for a response from the Seychelles authorities, this case is “eyebrow” …

It’s the talk of the town on the political scene. A letter concerning the acquisition of a hotel in Seychelles, in the amount of $ 6.5 million (approximately Rs 223.5 million) by Dr. Krishan Malhotra, was sent to the Financial Services Commission (FSC) and the Stock Ex – change of Mauritius (SEM) there are ten days” said L’Express of Mauritius.

“The transaction was confirmed by an attendant from the Beachcomber Group. The letter was also copied to Seychellois President Danny Faure and opposition leaders from both countries. The sale is waiting to be sanctioned by the Seychelles authorities. In fact, Dr. Krishan Malhotra will pay Rs 223.5 million for the purchase of the former Reef Hotel, owned by the Beachcomber hotel group in Mauritius since 2001. The latter has acquired this hotel for the first time. sum of $ 1 million (Rs 34, 3 million)” the L’Express of Mauritius writes.

In their own take of the matter the Seychelles News Agency (SNA) reported the proposed sale of the Reef Hotel as follows:-

The Seychelles Investment Board has confirmed that a Mauritian businessman is seeking to purchase the former Reef Hotel.

According to the Mauritius online news service lexpress on Tuesday, “The former Reef Hotel, now converted into a dormitory in Anse Aux-Pins, Seychelles, should be purchased by Dr. Krishan Malhotra, Sir Anerood Jugnauth’s son-in-law.”

The chief executive of the Seychelles Investment Board, Cindy Vidot, confirmed that this is the case but that “the businessman needs to liaise with the bureau in order to do the necessary procedures before the sale is finalized.

Reef Hotel was the first tourist establishment of international standards to be opened in the 115-island archipelago in 1972 with 150 rooms. The facilities at that time included a restaurant, bar, swimming pool, tennis court and a golf course. The hotel, which was once a popular venue for seminars and local entertainment events, hosted the first Tourism Ball and the opening of the U-first campaign in December 1993.

The hotel closed down in 1990 and in 2001 it was brought by the Beachcomber hotel group from Mauritius.

L’Express wrote further that “a letter concerning the acquisition of a hotel in Seychelles, in the amount of $ 6.5 million (approximately Rs 223.5 million) by Dr. Krishan Malhotra, was sent to the Financial Services Commission (FSC) and the Stock Exchange of Mauritius (SEM) 10 days ago.”

The Minister of Tourism, Civil Aviation, Port and Marine, Didier Dogley, said that “if the sale is finalised it would be a perfect opportunity to revive the hotel that was once the ‘it’ place for amusement.”

“This place is a great historical landmark and so many people hold great memories of it since it was opened. I know if it is given a facelift or restructured it will be loved again as it was back then,” he added.

Read the full article: https://www.eturbonews.com/233003/reef-hotel-in-seychelles-sold

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