African-born hospitality group Mangalis Hotel Group has further expanded its portfolio in West Africa by announcing Yaas Hotel Malabo – Guinea Equatorial. The hotel consists of 90 rooms and is forecasted to open in Q3 2016. This is the second Yaas Hotel for Mangalis to develop and manage, after Yaas Hotel Almadies in Dakar.
Mangalis Hotel Group and Group Evuande S.L. signed an agreement to develop and manage Yaas Hotel Malabo. On this partnership, Olivier Jacquin, Chief Executive Officer of Mangalis Hotel Group commented: “I am reiterating that our core mission is to bring world class hospitality to Africa, and Guinea Equatorial is a key country for our development. We are certainly excited to partner with Group Evuande, given their vast experience in the local and regional African market.”
Jacquin added: “We thank them for trusting us in developing Yaas Hotel Malabo. Yaas is the best match for the fast and dynamic development Malabo is witnessing, especially as we will deploy our Plug & Play solution in the development of this hotel, which is our modular building construction technique coupled with novel design.”
Group Evuande Managing Director, Alejandro Martin Owono Evuna, said:“We are proud to sign this contract with Mangalis Hotel Group, the expert in the African hospitality market. Mangalis will provide their in-depth know-how, given that our continent has its challenges in the hospitality sector. I am positive that Yaas Hotel Malabo will be a great success, as tourism development is a key priority for the country. Mangalis Hotel Group brings experience in building construction and project management. Moreover, Mangalis will manage the hotel upon its completion, which for our Group, is the best guarantee for maximizing return on investment”.
Yaas Hotel Malabo, is located in the city center, at walking distance from the administrative zone, and the commercial port of Malabo. The hotel comprises of 90 standard and family rooms, lounge, including a restaurant area, and a Sky Bar overlooking the beautiful bay of Malabo. At the ground floor level, the hotel will include retail space of around 300 sqm. The project is expected to start during Q3 2015 and the opening is forecasted for Q3 2016.
