Minor Hotel Group announced on Thursday that it formed a joint venture with Rani Investment to buy the 44-villa Indigo Bay Resort & Spa, located on Bazaruto Island in Mozambique.
The property will be managed by Minor Hotel Group, Bangkok. Rani Investment, which has more than US$300 million of dedicated investments in the Middle East and Africa, is a Dubai-based investment holding firm for the Aujan Group. Looking ahead, the JV will seek to expand in East Africa via new-build hotel development and conversions. The properties will operate under Minor’s hotel brands including Anantara, Avani and the serviced apartment Oaks brand.
“We are excited to be partnering with Rani Investment and are looking forward to working closely with them to grow our portfolio in Africa, specifically in Mozambique to begin with. We are already present in Tanzania and Kenya through our partnership with Elewana Collection and we are keen to expand further into other parts of this vast continent where there is so much untapped opportunity,” said Dillip Rajakarier, Minor Hotel Group CEO.
