LONR Lonrho

 

TIDMLONR 
 
RNS Number : 6785N 
Lonrho PLC 
16 June 2010 
 

16 June 2010 
                                   Lonrho Plc 
 
                          ("Lonrho" or the "Company") 
 
          President Kabila inaugurates new Lonrho Hotel in Lubumbashi, 
                          Democratic Republic of Congo 
 
Lonrho Plc (AIM : LONR) is delighted to announce that the latest Lonrho Hotel 
was yesterday opened by His Excellency President Kabila, the President of the 
Democratic Republic of Congo (DRC) in a formal ceremony attended by Government 
Ministers, dignitaries and guests. 
 
The 197 room Grand Karavia hotel is in the centre of Lubumbashi, the capital of 
the copper and cobalt mining province of Katanga in the DRC. US$ 20m has been 
spent on the project including a US$10m long term loan from the Development Bank 
of South Africa under its mandate to support development in Africa. The DRC 
Katanga Province has attracted an estimated US$10 billion in foreign investment 
into the burgeoning DRC copper industry, and is seen as one of the main economic 
drivers of the country. 
 
The Grand Karavia provides the only international standard accommodation in 
Lubumbashi. The hotel is situated in secure landscaped gardens beside a lake and 
offers five star accommodation combined with restaurants, bars, internet access 
and conference facilities as well as a health club, swimming pool and sports 
facilities. The hotel has already become a centre for commerce and social 
functions in Lubumbashi following the soft opening in April 2010. 
 
Lonrho Hotels, a wholly owned subsidiary of Lonrho Plc, owns and manages hotels 
in Africa. Lonrho Hotels owns 50% of the Grand Karavia Hotel. The property is 
held on a long lease from the Government of the DRC. Lonrho Hotels Management 
Services Ltd has a ten year renewable management contract to operate the hotel. 
 
David Lenigas, Lonrho's Executive Chairman, who attended the opening ceremony 
with President Kabila, commented: 
 
"This exciting new Lonrho Hotel is a testament to the economic development and 
progress being made in the Democratic Republic of Congo. The speed of growth in 
the local economy is clear, and the immediate popularity of the facilities 
provided by the hotel and the impressive number of reservations being made 
demonstrate the latent demand for an international standard quality hotel. 
 
Lonrho Hotels takes great pride in the level of service and customer 
satisfaction that guests receive at any Lonrho property and I am sure that the 
Grand Karavia will be a natural extension of the Lonrho Hotels portfolio". 
 
 
LONRHO ENQUIRIES 
 
+---------------------------------------+---------------------+ 
| Lonrho Plc                            | +44 (0)20 7016 5105 | 
+---------------------------------------+---------------------+ 
| David Lenigas, Executive Chairman     | +44 (0)7881 825 378 | 
+---------------------------------------+---------------------+ 
| Geoffrey White, Chief Executive       | +44 (0)7717 307 308 | 
| Officer                               |                     | 
+---------------------------------------+---------------------+ 
| David Armstrong, Finance Director     | +44 (0)7833 054 693 | 
+---------------------------------------+---------------------+ 
|                                       |                     | 
+---------------------------------------+---------------------+ 
| Pelham Bell Pottinger PR              |                     | 
+---------------------------------------+---------------------+ 
| Charles Vivian                        | +44 (0) 20 7861     | 
|                                       | 3126                | 
+---------------------------------------+---------------------+ 
|                                       | +44 (0) 7977 297903 | 
+---------------------------------------+---------------------+ 
| James MacFarlane                      | +44 (0) 20 7861     | 
|                                       | 3864                | 
|                                       | +44 (0) 7841 672    | 
|                                       | 831                 | 
+---------------------------------------+---------------------+ 
|                                       |                     | 
| Beaumont Cornish Limited(Nomad)       |                     | 
+---------------------------------------+---------------------+ 
| Rosalind Hill Abrahams                | +44 (0) 20 7628     | 
|                                       | 3396                | 
+---------------------------------------+---------------------+ 
| Roland Cornish                        | +44 (0) 20 7628     | 
|                                       | 3396                | 
+---------------------------------------+---------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCGGUQAQUPUGQA 
 

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