Barrows Hotel Enterprises secures $95 million consultancy deal for Lagoon Gardens Mauritius

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Lagoon Gardens Mauritius

New resort under development Lagoon Gardens Mauritius

Lagoon gardens facing Le Morne

Hotel developments in Mauritius are attracting new investors from around the world after the global pandemic

DUBAI, UNITED ARAB EMIRATES, March 13, 2022 /EINPresswire.com/ — Barrows, the provider of hotel investment and advisory services for hotels in the Middle East and Africa, is advising West African developer Atalian on raising funds for a high-end resort in Mauritius called Lagoon Gardens.

Lagoon Gardens will become the new icon of Mauritius and elevate the entire local hotel market to another level. The developer has some very exciting next-gen features planned in the development. The name Lagoon Gardens is found as the development is centrally located on the west side beachfront in the lagoon facing UNESCO World Heritage Le Morne. Visitors will love the view from morning to night. Every time you open your eyes, you see another image. The lagoon is still alive and offers its visitors the ultimate vacation experience they are looking for. White coral beaches, blue ocean combined with high exclusive amenities.

Barrows will raise the financing within its institutional and banking network combined with a registered bond structure with the promoter. Both parties focus on large-scale hotel and commercial development. The two parties have signed a capital acquisition agreement for the realization of this project. The total asset value of the advisory agreement is $95 million.

In addition to advising and raising capital, Barrows will advise contracting a 5-star hotel operator to operate the hotel business at Lagoon Gardens. As soon as all agreements are signed and capital has been provided, the construction period will begin. All legal permits have already been issued, says President Erwin Jager of Barrows Hotel Enterprises.

After the global pandemic, this is a unique opportunity for many 5-star hotel operators to enter the West African continent and establish themselves in a very modern and unique environment focused on tourism and business. Growth and location value are very important factors here. West Africa is growing rapidly and in the coming decades West Africa will develop more and more within world trade. Investors are finding many reasons to invest now after the global pandemic in new hotel developments in Mauritius. Occupancy is high year-round, giving investors security of returns and capital, according to Barrows’ Erwin Jager.

Barrows Hotel Enterprises globally manages more than 10,000 hotel rooms in more than 10 countries. The company started in 2008 as a real estate investor in the Dubai residential market. Since 2012, Barrows has changed its strategy and the company is fully focused on the growing hospitality industry in the Middle East. Since 2020, Barrows has been active throughout the MENA region, including West Africa.

Erwin Jäger
Barrows Hotel Businesses
+971 50 845 4500
write to us here

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