Mauritius Hotel Group Seeks $151 Million Funding, L’Express Says
This article is for subscribers only.
New Mauritius Hotels Ltd., the Indian Ocean island nation’s biggest tourism operator, has tapped a central bank subsidiary for 6 billion rupees ($151 million) in financing as the company struggles with the effects of the Covid-19 pandemic, L’Express reported, without saying where it got the information.
The funds, to be raised through the sale of secured bonds, will help the hotel group meet its financial commitments, the Port Louis-based newspaper said. The company didn’t immediately respond to requests for comment.