The hotel will have 306 rooms and will be built in the space of the Jango Veleiro Restaurant, on the Island of Luanda, guaranteeing 1900 jobs.
Construction is scheduled for a period of four years and financing is guaranteed by international banks, says a press release from Grupo Veleiro.
In addition to the management and branding of the 5-star hotel, the agreement, to be signed on Thursday, also provides for the management by Hilton of the Fútila Sea Breeze condominium, in Cabinda, with 11 buildings and 280 apartments, valued at 65 million dollars.
"The agreement puts an end to the Hilton Group's several years of waiting to enter the Angolan market", highlights the Veleiro Group.
According to the press release, in 2021, in Washington, at the business forum organized by AmCham-Angola (American Chamber of Commerce in Angola, chaired by Pedro Godinho, who also leads the Veleiro Group), the group had already been contacted by Hilton "saying that they had been trying for several years to enter the Angolan market, but without success".