Angola’s $7B Waterfront Development Looks To Lure Hilton Hotels

Angola’s $7B Waterfront Development Looks To Lure Hilton Hotels

From iOL

Builders of a $7 billion waterfront development in Angola’s capital, Luanda, are seeking to attract an international hotelier such as Hilton Worldwide Holdings Inc. to boost the profile of the project.

Baia de Luanda SA, whose shareholders include state oil company Sonangol Holdings Lda and the president’s daughter, Isabel dos Santos, is developing four plots around the upmarket seaside bay of the city.

It wants a flagship hotel to be built on the site, part of a 7-kilometre (4.3-mile) spit into the Atlantic known as the Ilha surrounded by yacht clubs and some of the city’s most expensive restaurants.

“We have people knocking on our doors to have hotels here, whether Americans or Angolans,” Mauro Filipe Martins, business development director at Baia de Luanda, said in an interview at the site.

“This project is a postcard for the new Angola.” He named Hilton as one of the hoteliers the developer is hoping to attract.

Read more at iOL