JOHANNESBURG - The multimillion-dollar refurbishment of Leopard Rock Hotel is expected to be complete by March next year, the owners have said. Set in the beautiful Vumba Mountains in eastern Zimbabwe, the iconic hotel was acquired for US$ 8.5m and is undergoing a US$1.7m refurbishment.
The hotel purchase included a world class golf course, recently awarded ‘PGA Excellence’ classification, and a 400 hectare game reserve. A feasibility study is under way to add further accommodation, a world class spa and upgrade the hotel to one of the premier locations in Africa, David Lenigas, chief executive officer of LonZim, owners of the property, said in a statement from London.
He said the refurbishment was a way of helping resuscitate the tourism industry, which has suffered from years of economic and political turmoil.
The Government of National Unity has identified the tourism sector as one for rapid recovery and has introduced tax exemptions on the import of materials for refurbishment and development of tourism projects, Lenigas added this week.
LonZim remains the only company on the London Stock Exchange that is solely focused on investing in the economic recovery of Zimbabwe. The Board believes that Zimbabwe will become, once again, one of the leading economic drivers in Africa in the medium term.
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