Maravi

Lusaka Hotel embarks on K1.2 bn restructuring plan

Lusaka Hotel embarks on K1.2 bn restructuring plan
Written by Fridah Zinyama
Tuesday, October 06, 2009 7:35:30 AM

LUSAKA Hotel managing director David Thompson has revealed that his company will soon embark on a restructuring programme that is expected to cost about K1.2 billion.

At a press briefing in Lusaka yesterday, Thompson said the challenges of the past year had prompted the company to take stock of its future and he hoped that the rehabilitation and restructuring would make the hotel more competitive and profitable.

“The restructuring programme is meant to address all cost centres with a view of optimising the profit potential,” he said. “This includes the outsourcing of some services and the closure of some of the non- profit making departments.”

Thompson said the cost of the restructuring programme was estimated at K1.2 billion which would also include the terminal benefits that had accrued over the past eight years.

“In addition, a rehabilitation programme will take place that will see strategic ground floor space converted into a retail mall for more shops and boutiques,” he said.

Thompson said all the 75 rooms at the hotel would undergo extensive rehabilitation in terms of room fittings, fixture and amenities.

“Reticulation systems, both water and electrical, will be fully upgraded to ensure efficiency and effective services for the guests,” he said.

Thompson said the rehabilitation plan was currently in process and would be finalised as soon as the architectural plans and bills of quantity had been approved.

“However the initial estimated cost for the project is K3.4 billion,” said Thompson.

Labels: INFRASTRUCTURE, LUSAKA

posted by MrK @ 6:36 AM