PROJECT DESCRIPTION
Project Ownership
The project is owned by Countrywide Hotels and Resorts Limited
Business Model
The project involves construction and Operation of Resort Hotel in Kabula, Blantyre
Objective of the project
The project will contribute in the Tourism Sector in Malawi by having a new hotel constructed and to have a sustainable revenue generating business.
Sector of Operation
Tourism
Business Activity
Hotel and Hospitality
Competitive Advantage/gap analysis
Fitting in the growing tourism industry in Malawi
LOCATION
Actual location of project
Kabula, Blantyre.
Prominent business activity surrounding your place of operation
Being the commercial city of Malawi, there is a lot of Tourism, Conferencing and General trading activities taking place that would provide a readily available market for our business.
BENEFITS OF THE PROJECT/ALIGNMENT OF PROJECT TO GOVT GOALS
Contribution to achieving national, regional or global economic, social, environmental and developmental goals
The project will contribute towards achieving Government objective of ensuring that tourism is developed and promoted in a manner that brings meaningful economic benefits to the people of the country. The project will contribute towards creation of employment
Export orientation/forex generation
The project will contribute towards Forex generation through tourism
Value addition
This project directly answers to the Government’s call for value addition as it will work with various players in the Tourism value-chain in delivering its services.
FINANCIAL REQUIREMENTS
Capital Expenditure Requirement – USD 3,750,000
Working Capital Requirement – USD 100,000
Proposed Financing Structure – Debt and Equity partnerships
PROPOSED INVESTMENT MODEL (ACTIONS REQUIRED/ IMPLEMENTATION ARRANGEMENTS/ CONTRACT TYPE)
Joint venture partnership – our 30% and their 70% or 40:60, Financing – 100% Debt,
PROJECT FEASIBILITY
Technical Feasibility
The technical Feasibility documents have been completed by the Project Developer/Promoter.
Feasibility Study
The project Feasibility documents was undertaken and completed by the Project Developer/Promoter.
Environmental Impact Assessment
The project Environmental Impact Assessment is not yet conducted
Technical Designs
All Technical Designs have been done
Licenses
The project promoters have acquired a Tourism License
Market Feasibility Study
The Market Feasibility study was done
Financial Feasibility
Internal Rate of Return – 30%, Net Present Value – USD 500,000 and Payback Period – 10 years
CONTACTS
Mike Mlombwa, Managing Director, Countrywide Group of Companies, P.O. Box 975
Blantyre. Tell: 01 822 434 / 0999 935 414 / 0888 835 414