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TIDMCMB
RNS Number : 4696Z
Cambria Africa PLC
16 March 2012
16 March 2012
Cambria Africa plc
("Cambria" or the "Company")
Acquisition of the 'Castle at Leopard Rock'
Cambria announces the acquisition of the well-known 'Castle at Leopard Rock' (the 'Castle'), which is located adjacent to the Leopard Rock Hotel, already owned by Cambria.
The Castle is located near the top of the Leopard Rock and boasts spectacular views all around; across Zimbabwe's Eastern Highlands and well into Mozambique.
The Castle was originally built in the 1940s and has more recently been operating as a successful guesthouse with six rooms and suites. Cambria intends to incorporate the Castle over time into the Leopard Rock Hotel, expanding the hotel's number of rooms by 10%, through the creation of additional high-end suites. It will also offer the Hotel a number of additional, unique venues for events.
The acquisition of the Castle has been concluded by Cambria for Eur 550,000.
Commenting on the acquisition, Ian Perkins, non-executive Chairman of Cambria said: "We are pleased that we have been able to acquire the magnificent Castle at Leopard Rock. It complements very well our existing Leopard Rock Hotel facilities, further enhancing our ability to offer a unique experience at the Hotel".
Edzo Wisman, CEO of Cambria, comments: "Over time, we intend to create the highest-end suites of the Leopard Rock Hotel at the Castle, creating a very special, luxurious and private experience for the Hotel's most valued guests."
For further information please visit www.cambriaafrica.com or contact:
Cambria Africa plc
Ian Perkins +44 (0) 7831 674 585
Edzo Wisman +263 (0) 4 852 434
WH Ireland Ltd: Nomad and Broker
James Joyce / Nick Field +44 (0) 20 7220 1666
This information is provided by RNS
The company news service from the London Stock Exchange
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