{"id":41854,"date":"2020-08-13T12:08:22","date_gmt":"2020-08-13T12:08:22","guid":{"rendered":"https:\/\/new.igihe.com\/umubano-hotel-for-sale\/"},"modified":"2020-08-18T16:15:00","modified_gmt":"2020-08-18T16:15:00","slug":"umubano-hotel-for-sale","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/umubano-hotel-for-sale\/","title":{"rendered":"Umubano Hotel for sale"},"content":{"rendered":"<p>A statement issued by RDB states that the Government of Rwanda prioritizes support for the private sector and thus RDB is looking for investors who can buy the property in a fair and transparent competitive bidding process. <\/p>\n<p>\u201cThe purpose of this tender notice is to identify potential companies and\/or consortiums with the requisite technical and financial capacity to purchase and operate the hotel,\u201d it said.<\/p>\n<p>One of the key factors for an investor who will take over the Kacyiru-based hotel facility is to turn it into a five-star hotel within the shortest time possible.<\/p>\n<p>RDB said it will work with the new investor to turn the hotel into a flagship that will meet various local and international environmental sustainable standards to attract local and international clients.<\/p>\n<p>Umubano is one of the oldest hotels in Rwanda and had been acquired by Madhvani Group at a tune of $13 million in April 2017 after years under liquidation.<\/p>\n<p>The hotel has been in the hands of several other investors, including the Libyan government-affiliated LAP Investments which operated it under Laico Hotels brand; it has also previously been managed by global hotel brands including Novotel, Meridian and Accord.  <\/p>\n<p>The Government has set September 11 as the closing date for submission of applications from potential bidders.<\/p>\n<figure class=\"spip-document spip-document-36468 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/694efa2f-51fe-49fd-b9f3-2bd6f7986932-c3144.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-36469 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/kig001-81e2b.jpg\" alt=\"Umubano is one of the oldest hotels in Rwanda and had been acquired by Madhvani Group at a tune of $13 million in April 2017 after years under liquidation.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Rwanda Development Board (RDB) has sent out invitation to interested investors to bid for the Umubano Hotel, currently managed by Agaciro Development Fund.<\/p>\n","protected":false},"author":62,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[72],"byline":[2942],"hashtag":[],"class_list":["post-41854","post","type-post","status-publish","format-standard","hentry","category-news","tag-featured-news-home","byline-nicole-kamanzi-m"],"bylines":[{"id":2942,"name":"Nicole Kamanzi M.","slug":"nicole-kamanzi-m","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"contributors":[{"id":2942,"name":"Nicole Kamanzi M.","slug":"nicole-kamanzi-m","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":null}],"featured_image":null,"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/41854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=41854"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/41854\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=41854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=41854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=41854"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=41854"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=41854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}