ONOMO will open its latest hotel in Conakry, Guinea

Research . 9 years ago

Conakry

Guinea

Kaloum

ONOMO

Societe Generale

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Article Summary: ONOMO Hotels will open its latest hotel in Conakry, Guinea in December 2017. The 155-key hotel features 123 rooms, one-bedroom apartments, meeting rooms, a business centre, and an outdoor swimming pool. Financing was provided by the Guinean subsidiary of Société Générale Group for approximately US$9 million, as part of their plans to operate over 20 hotels in Africa with 1,400 beds within five years.

ONOMO Hotels will open its latest hotel in Conakry, Guinea in December 2017. The 155-key hotel is located in the Tombo quarter within the Kaloum district, a few minutes from the People’s Palace.

The hotel was built on land with a surface area of 9,000m², and will feature:

123 rooms, majority of which are 17m² and offer a workspace, free WiFi access and other guestroom amenities

29 one bedroom apartments of 36m², and 3 two bedroom apartments of 69m²

4 meeting rooms to accommodate up to 200 people

business centre

24/7 restaurant and bar

Outdoor swimming pool

Fitness room

ONOMO Conakry Hotel Room. Source: ONOMO Hotels

ONOMO Conakry Hotel Dining Area. Source: ONOMO Hotels

ONOMO Conakry Outdoor Swimming Pool. Source: ONOMO Hotels.

ONOMO Hotel Conakry, Guinea. Source: ONOMO Hotels

The project financing and advisory was structured and provided by the Guinean subsidiary of the Société Générale Group. The bank granted several loan facilities at an estimated cost of approximately US$9 million.

ONOMO Hotels already operate in six African markets, with plans to build a portfolio of more than 20 hotels in the next five years, with an estimated 1,400 hotel beds. Other planned openings are expected in Kigali and Durban in early 2018. The Casablanca-based hotel group has just announced a €106 million fundraising by CDC, CIC Capital and its founding shareholder Batipart.