Luanda - The US hotel chain Hilton Hotels & Resorts, one of the largest hotel brands in the world, on Thursday signed a partnership agreement with Grupo Veleiro confirming its entrance to the Angolan market.
The signing of the agreement called "Branding & Management Contract - Hilton/Prodoil", marks the start of a five-star hotel construction in Angola's capital, in an investment of roughly 150 million US dollars to Angolan Grupo Veleiro.
The Construction is scheduled to take four years, and financing is guaranteed by international banks. The hotel is to have 302 rooms and is expected to create 1,900 direct jobs.
The contract signed by the chairman of Prodoil's Board of Directors, Pedro Godinho, and Hilton's vice-president for Africa and the Middle East, Carlos Khanness, establishes that the American company will manage the hotel, while the Angolan company will own the premises.
The agreement authorises the US Company to manage the "Fútila Sea Breeze" condominium built five years ago by the Veleiro group in northern Cabinda province.
QCB /AMP
