Groupe du Louvre manages luxury hotel-casino in Cabo Verde

21 November 2014

Groupe du Louvre, the second largest hotel chain in Europe will manage a hotel-casino that is scheduled to start operating in the first quarter of 2015 in Laginha, in the city of Mindelo in Cabo Verde (Cape Verde), said João do Rosário, one of the owners of Matiota Invest.

The hotel, promoted by Matiota Invest, a company created by João do Rosárioand Alexandre Novais, will have 12 floors and 240 rooms, a business centre, casino, conference facilities and a car park, according to Cape Verdean weekly newspaper A Semana.

The Hotel Casino Matiota will be the first development in Cape Verde that Groupe du Louvre will explore, joining the nearly thousand hotels that it has across four continents – Asia, Europe, America and Africa – which receive 555,000 guest per day in total.

The project, which will cost 20 million euros, will be financed by external (50 percent) and internal (50 percent) resources, and Rosário said that the contract with the Louvre chain alone would guarantee enough income to pay of the investment in 20 years.

Other features will be a shopping centre run by Portuguese group Pingo Doce and a casino, which will be the responsibility of a US group from that sector.

Groupe du Louvre, controlled by an affiliate of Starwood Capital Group, focuses its activities in four sectors – luxury and mass hospitality, manufacturing crystal (Baccarat) and perfume (Annick Goutal). (macauhub/CV)