HOTEL DES MILLE COLLINES SECURES $5MILLION

By Baluku Geoffrey
Kigali, Rwanda

Hôtel des Mille Collines, one of the up market hotels in Kigali, Rwanda has secured $5million for renovation of its facilities and also to give it a new face lift. The amount of money got from the International Finance Corporation (IFC) will be re paid in a period of ten years.

Mr. Jean de Dieu Mbarushimana, the director of Administration and Finance at the hotel, said they would close shop in the first three weeks of October for demolition period to take place, and then re open towards the end of October.

According to Mbarushimana, PIRARD, a Rwandan construction company won the tender to refurbish the hotel. It is anticipated that after renovation, the hotel will get new interior facilities and also change its outlook.

Mikcor Investment Holdings owns 89% shares in the hotel. These were purchased from Sabena, a Belgium flight company in 2005 to the tune of $3.4million.