Dubai-headquartered LEVA Lodges has signed an settlement with Revitus Property Alternatives Actual Property Funding Belief (Revitus REIT), managed by CBZ Asset Administration (Pvt) Ltd, buying and selling as Datvest, to rework the landmark Chester Home at 88 Speke Avenue in Harare, Zimbabwe, right into a 3-star upscale resort underneath the EKONO by LEVA model.
This milestone marks LEVA Lodges’ debut in Southern Africa, reinforcing the model’s dedication to increase into high-potential markets throughout Africa, the Center East, and Europe. For Revitus Property Fund, it additionally represents the start of a technique to revitalise and repurpose its property portfolio, a imaginative and prescient that has been central for the reason that REIT’s itemizing on the Zimbabwe Inventory Alternate in December 2023.
A New Chapter for an Iconic Landmark
Situated in Harare’s central enterprise district, Chester Home is likely one of the metropolis’s most acknowledged and historic business buildings. As soon as remodeled into EKONO by LEVA @ Chester Home, the 117 keys property will function modern visitor rooms, fashionable social areas and curated eating choices designed to attraction to each enterprise and leisure travellers.
The redevelopment displays a shared imaginative and prescient between LEVA Lodges and Revitus REIT to reinforce Harare’s hospitality and tourism panorama whereas preserving the constructing’s heritage and legacy.
Why Southern Africa
Southern Africa has emerged as one of many fastest-growing areas for tourism and enterprise journey, supported by rising connectivity, pure points of interest and vibrant capital cities. Zimbabwe, particularly, is positioning itself as a hub for each regional and worldwide guests, pushed by a renewed deal with tourism growth and funding.
For LEVA Lodges, coming into Zimbabwe underscores its technique of bringing Dubai’s hospitality experience to markets the place demand for contemporary, inexpensive, and design-led lodging is accelerating. The launch of EKONO by LEVA @ Chester Home strengthens the group’s visibility in a area with long-term development potential, and serves as a gateway to future alternatives throughout Southern Africa.
Respiratory New Life into an Iconic Landmark
Talking concerning the partnership JS Anand, Founder and CEO of LEVA Lodges, mentioned :
“Chester Home holds an iconic place in Harare’s historical past, and reworking it into EKONO by LEVA will breathe new life into town’s hospitality scene. This mission will join Dubai’s experience in design-led, inexpensive upscale accommodations with Africa’s rising tourism and enterprise markets, whereas including lasting worth to the local people and financial system.”
Tendai Muzadzi, the Managing Direct of CBZ Asset Administration and Fund Supervisor for Revitus REIT commented:
“Our partnership with LEVA Lodges is a strategic transfer to unlock new worth from Chester Home and collectively, we goal to ship a product that meets international hospitality requirements whereas resonating with Zimbabwe’s dynamic market.”
The partnership was formally introduced at ZimReal – Zimbabwe’s Property Funding Discussion board in Harare, by Agatha Dzenga, Tasks Improvement & Operations Supervisor – Bay Harbour Worldwide, who highlighted the importance of the mission throughout her tackle on the discussion board.
Strengthening Harare’s Place as a Gateway Metropolis
The resort, scheduled to open following a complete transformation, will contribute to reinforcing Harare’s position as a gateway for each tourism and enterprise in Zimbabwe. By marrying heritage preservation with modern hospitality, EKONO by LEVA @ Chester Home is poised to set new benchmarks for town’s evolving tourism sector.