Hotel Hilton in Praia yet to be built in Cabo Verde due to lack of funding

12 February 2020

Difficulties in securing financing are delaying the start of the construction of the Hotel Hilton Praia, whose first stone was laid four years ago, said on Tuesday in Praia, the representative of The Resort Group in Cabo Verde.

Victor Fidalgo also told the Inforpress news agency that assembly of the financial package has yet to be concluded, “so we don’t have a date to start the construction of the hotel.”

The Resort Group PLC, which is promoting the project, in February 2018, through TRG Praia, signed an establishment convention with the government and, at the time, the work was scheduled to start that year, as the convention was the element that was missing for work to begin.

Expected to cost €45 million, the Hilton Praia is expected to create approximately 150 direct jobs and will have 201 rooms, restaurants, bars, leisure and entertainment areas, private and common swimming pools, a spa, health club, convention centre and meeting rooms.

To make room for the construction of the Hotel, in Achada Santo António, near the Cabo Verde parliament and various diplomatic representations in the country, the promoting company built a building to house the School of Business and Government that previously operated on the site. (macauhub)