{"id":30453,"date":"2022-11-28T15:51:33","date_gmt":"2022-11-28T15:51:33","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/la-paillotte-acquires-burera-beach-resort"},"modified":"2022-11-28T16:01:36","modified_gmt":"2022-11-28T16:01:36","slug":"la-paillotte-acquires-burera-beach-resort","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/all-news\/la-paillotte-acquires-burera-beach-resort","title":{"rendered":"La Paillotte acquires Burera Beach Resort"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>La Paillotte, a private business operator firm, has acquired the Burera Beach Resort Hotel, a facility that had failed to do business since 2017.<\/p>\n<p>The development follows an approval by the cabinet of a property purchase agreement brokered between Burera District and the new operator.<\/p>\n<p>La Paillotte is not a player on the local market, having ventured into several hospitality businesses for nearly 10 years.<\/p>\n<p>Speaking to The New Times in an exclusive interview, Eric Rwigamba, Minister of Public Investments and Privatization, reiterated his confidence in the new investor, citing that the firm is \u201caccustomed to the hospitality environment.\u201d<\/p>\n<p>He also hailed the financial resources and expertise the new investor possesses.<\/p>\n<p>\u201cIt comes in handy looking at the fact that we want to prevent further losses. We are confident that it will achieve its initial objective.\u201d<\/p>\n<p>Commenting on the bidding process, Rwigamba highlighted, \u201cWe look at how much they will invest to make it operational, and how that is sustainable.\u201d<\/p>\n<p>La Paillotte is acquiring the hospitality facility at Rwf530 million, he asserted.<\/p>\n<p>This is despite a total investment of over Rwf654 million. The losses are mainly attributed to the previous manager who had failed capacity wise and further adverse impact of the Covid-19 pandemic.<\/p>\n<p>Bella Twizerimana, Managing Director at Paillotte did not divulge details of the agreement, but she expressed optimism for better output.<\/p>\n<p>\u201cWe shall communicate full details of the agreement during the official handover that is expected late this month,\u201d she said in a telephone interview.<\/p>\n<p>Twizerimana also said she was confident that the hotel facility would generate \u201cattractive return on investment,\u201d based on the firm\u2019s current business plan.<\/p>\n<p>Meanwhile, the Auditor General report has, since 2017, exposed issues regarding losses incurred by the facility, a concern that Minister Rwigamba said, was considered in the bidding process.<\/p>\n<p>\u201cWe hire professional valuers to assess the real market price of the property,\u201d he said, adding, \u201cThe return on investment is not how much we get from that, we want to see if its initial objective is achieved. And how that plan prevents further losses.\u201d<\/p>\n<p><b>Hotel\u2019s amenities<\/b><\/p>\n<p>The request for proposals for the acquisition of the hotel shows that it has a building with a bar and restaurant among other facilities.<\/p>\n<p>It also has a counter, store, two restrooms and two urinals, two toilets, terraces, and a kitchen.<\/p>\n<p>Other facilities include 10 identical accommodation houses counting 580 sqm \u2013 each has a bedroom, living room, bathroom, balcony; and two larger identical accommodation houses having 126 Sqm, each with two bedrooms, three bathrooms, and a living room.<\/p>\n<p>In addition, it has a multipurpose hall covering 501.5 sqm surface, and a barraza for the multipurpose hall (with 117 sqm), a car park for the multipurpose hall, and land covering 11764 sqm.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/rwanda\">Rwanda<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Rwanda. La Paillotte, a private business operator firm, has acquired the Burera Beach Resort Hotel, a facility that had failed to do business since 2017. The development follows an approval by the cabinet of a property purchase agreement brokered between Burera District and the new operator. La Paillotte is not a player on [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":30452,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,30],"tags":[760,763,758],"class_list":["post-30453","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>La Paillotte acquires Burera Beach Resort - Rwanda<\/title>\n<meta name=\"description\" content=\"La Paillotte, a private business operator firm, has acquired the Burera Beach Resort Hotel, a facility that had failed t ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/all-news\/la-paillotte-acquires-burera-beach-resort\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"La Paillotte acquires Burera Beach Resort\" \/>\n<meta property=\"og:description\" content=\"La Paillotte, a private business operator firm, has acquired the Burera Beach Resort Hotel, a facility that had failed t ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/all-news\/la-paillotte-acquires-burera-beach-resort\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-28T15:51:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-28T16:01:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/11\/postQueueImg_1669638101.32.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"579\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/la-paillotte-acquires-burera-beach-resort#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/la-paillotte-acquires-burera-beach-resort\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"La Paillotte acquires Burera Beach Resort\",\"datePublished\":\"2022-11-28T15:51:33+00:00\",\"dateModified\":\"2022-11-28T16:01:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/la-paillotte-acquires-burera-beach-resort\"},\"wordCount\":468,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/la-paillotte-acquires-burera-beach-resort#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2022\/11\/postQueueImg_1669638101.32.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Rwanda\",\"Rwanda\"],\"articleSection\":[\"all news\",\"Community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/all-news\/la-paillotte-acquires-burera-beach-resort#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/la-paillotte-acquires-burera-beach-resort\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/all-news\/la-paillotte-acquires-burera-beach-resort\",\"name\":\"La Paillotte acquires Burera Beach Resort - 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