LAMCET CAPITAL’S US$64 MILLION INVESTMENT TO ELEVATE VICTORIA FALLS HOSPITALITY

By Martin Chemhere

Victoria Falls, a premier tourist destination, is set to experience a significant boost to its hospitality sector with Lamcet Capital’s substantial US$64 million investment in a new hotel development. According to a well-known real estate commentator, this project signifies a strong vote of confidence in the region’s tourism potential and promises to create new opportunities for both visitors and locals.

The planned hotel, boasting a 160-room capacity, will be strategically located on a 3.2-hectare site adjacent to the esteemed Palm River Hotel. This prime location will offer guests convenient access to the area’s renowned attractions, while also providing a tranquil and picturesque setting.

Lamcet Capital’s investment goes beyond simply adding more rooms to the area. The development aims to create a high-end, world-class experience for visitors. Plans include not only the 160 rooms, but also specialty restaurants, and other high end ammenities. This project is designed to be a location where visitors will be able to have all of their needs met.

The project is being done in partnership with the Victoria falls city council, through a build operate and transfer agreement. This shows a cooperation between private business, and local government, to increase the economic viability of the Victoria falls area.

This investment is anticipated to generate a ripple effect throughout the local economy, creating employment opportunities during both the construction and operational phases. Furthermore, it is expected to attract a greater number of high-spending tourists to Victoria Falls, contributing to the overall growth of the tourism industry. The new hotel will add to the already existing world class tourism sector, that exists in Victoria Falls.