The hotel will be developed under a management agreement with Eagle Real Estate Investment Trust (Eagle REIT), a development-focused REIT specializing in high-quality assets across tourism, hospitality, health, retail, and residential sectors.
Industry observers note that the sale of these two high-profile properties could attract significant interest from both local and international investors, given their prime locations and established reputations.
APG Zambia, part of a global airline representation network with over 100 offices worldwide, will now be responsible for promoting and selling Fastjet flights between Zambia and Zimbabwe.
As part of the Victoria Falls Safari Collection, which is operated by the Africa Albida Tourism hospitality group, Queen Nandi Place is expected to bolster the region’s competitiveness as a year-round Meetings, Incentives, Conferences, and Events (MICE) destination.