The New Mauritius Hotels Ltd, which owns 100 percent of the shares of Ste Anne Resort Ltd, has signed an agreement with the French Group, Club Med, for the redevelopment and subsequent rental of Beachcomber Seychelles Sainte Anne Resort & Spa.
The agreement was signed on Friday November 10, 2017.
The Beachcomber brand expanded beyond the shores of Mauritius to Seychelles in 2001, where New Mauritius Hotels operated the 87-room Beachcomber Seychelles Sainte Anne Resort & Spa.
The resort was closed in September this year to make way for the redevelopment.
In a press statement, New Mauritius Hotels Ltd said the resort will be refurbished and extended as per Club Med's five star standards and requirements and will reopen with 295 rooms, providing job opportunities for some 500 employees.
The Minister for Tourism, Civil Aviation, Ports and Marine, Ambassador Maurice Loustau-Lalanne said: "This is very good news for our tourism industry since this is not only a complete refurbishment of the Beachcomber Seychelles Sainte Anne Resort & Spa, but also a substantial upgrade of the hotel to a five star and an increase of 208 new rooms. In addition it will provide additional employment to some 500 staff."
It is estimated that the redevelopment will cost around 70 million Euros and once developed, the resort will be rented to Club Med for an initial term of 12 years.
The project is expected to start in the second quarter of 2018, while the handover to Club Med is planned for the end of 2019.
The International Operations manager of the New Mauritius Hotels Ltd Jean-Louis Pismont said: "This new initiative of our group is yet another marked testimony of our continued and flawless belief in the Seychelles tourism industry."
"We want to bring the resort at Sainte Anne to the next level to upgrade the offer of the destination. We are proud to be linked with the arrival of the first major French hotel group to Seychelles. Club Med is a reputable and worldwide hotel brand which will definitely contribute to increase the visibility of Seychelles. We are more so happy that this project will more than double the job offers with an increasing number of Seychellois workers having the opportunity to work and progress within the international framework of Club Med," he added.
Founded in 1950, Club Med specializes in the sale of premium all-inclusive vacations in stunning locations around the world including North and South America, the Caribbean, Asia, Africa, Europe and the Mediterranean.