• Debswana completes refurbishment of Camphill Trust projectSeptember 11, 2025
    The Orchard Restaurant reopens   GORATAONE KGOSIMORE RelatedPosts Debswana completes refurbishment of Camphill Trust project KHAMA IV INITIATIVES SPARK TRIBAL TENSIONS BSB leads Africa’s banking revolution  editors@thepatriot.co.bw   Debswana through itsCorporate Social Investment (CSI) Programmelast year funded the Camphill… Read more: Debswana completes refurbishment of Camphill Trust project
  • KHAMA IV INITIATIVES SPARK TRIBAL TENSIONSSeptember 11, 2025
    Nkange MP dismisses Bangwato authority in Tutume To bring motion to repeal of Tribal Territories Act ‘It’s not asserting control but promotion of arts, sports’- Khama IV KITSO RAMONO editors@thepatriot.co.bw RelatedPosts Debswana completes refurbishment of Camphill Trust project KHAMA… Read more: KHAMA IV INITIATIVES SPARK TRIBAL TENSIONS
  • BARODSA VACANCY – Managing Directorcum Chief Executive OfficerSeptember 10, 2025
    RelatedPosts BARODSA VACANCY – Managing Directorcum Chief Executive Officer GREAT PLAINS- VACANCY CHOPPIES VACANCY – CHIEF OPERATIONS OFFICER (COO)
  • GREAT PLAINS- VACANCYSeptember 10, 2025
    RelatedPosts BARODSA VACANCY – Managing Directorcum Chief Executive Officer GREAT PLAINS- VACANCY CHOPPIES VACANCY – CHIEF OPERATIONS OFFICER (COO)
  • CHOPPIES VACANCY – CHIEF OPERATIONS OFFICER (COO)September 9, 2025
    RelatedPosts BARODSA VACANCY – Managing Directorcum Chief Executive Officer GREAT PLAINS- VACANCY CHOPPIES VACANCY – CHIEF OPERATIONS OFFICER (COO)
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Friday, September 12, 2025
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result

BPOPF avoids Hilton hurdle

patriot by patriot
January 1, 2021
in News
0

Away from the excitement surrounding the opening of the prestigious Hilton Garden Inn in the up market Central Business District (Gaborone) in Q1 2019 , investigations by The Patriot on Sunday has uncovered correspondence showing that the development of the hotel has not been smooth sailing.

The latest addition to the local hospitality industry, Hilton Garden Inn, whose primary shareholders are Botswana Public Officers Pensions Fund (BPOPF) and local investor M3, is located in the heart of capital city’s Central Business District (CBD) at Peelo Place. It caters for both business and leisure guests in upscale, affordable accommodation.

RelatedPosts

Debswana completes refurbishment of Camphill Trust project

KHAMA IV INITIATIVES SPARK TRIBAL TENSIONS

The Mogaes fight over boswa

As far back as February 2018, the BPOPF had to respond to a proposal from M3 requesting to retain a portion of the Hilton Development in order to operate a restaurant. The board was grappling with the decision whether to accede to M3 request to retain a portion of the Hilton building equivalent to their equity amount of P26 million, or that BPOPF buy out M3.

Briefing trustees at a board meeting of May 2018, the Finance and Investment Committee, revealed that Messidor Investments-the asset manager of the Hilton development- encountered some practical challenges with the implementation of the first option [allowing M3 to retain a portion] as the design of the development could not accomodate such division. The design of the building, which has been named Peelo Place, could not accomodate such division when taking into consideration issues of access, fire designs, security and services.

The available option seemed to be a buy out. However, Messidor warned that buying out M3 poses a serious reputational threat/ risk to BPOPF in so far as it can be regarded as a deviation from the Fund’s citizen economic empowerment policy stand. Further, an attempt to buy out M3 posed serious legal risk, should the investor (M3) contest the decision leading to a protracted and costly litigation which might jeopardise BPOPF’s contractual relationship with Hilton Worldwide.

Notwithstanding the hurdles, General Manager of Hilton Garden Inn was upbeat about opening a hotel that will focus on ensuring every guest experience is simply on another level, whether guests join for a hotel stay,a quick meal, or a conference meeting. The hotel is committed to realising Hilton Garden Inn’s goal to make each guest’s stay better and brighter.

Tags: BPOPF
Previous Post

Solar for clean water

Next Post

Maele to stand as Mokoko?

Related Posts

Debswana completes refurbishment of Camphill Trust project
News

Debswana completes refurbishment of Camphill Trust project

September 11, 2025
KHAMA IV INITIATIVES SPARK TRIBAL TENSIONS
News

KHAMA IV INITIATIVES SPARK TRIBAL TENSIONS

September 11, 2025
The Mogaes fight over boswa
News

The Mogaes fight over boswa

September 8, 2025
The Mogaes fight over boswa
News

The Mogaes fight over boswa

September 8, 2025
MAGOSIIN HOT SOUP
News

MAGOSIIN HOT SOUP

September 4, 2025
P144m: Corruption proceeds
News

P144m: Corruption proceeds

September 4, 2025
Next Post
Maele to stand as Mokoko?

Maele to stand as Mokoko?

Please login to join discussion
  • Debswana completes refurbishment of Camphill Trust projectSeptember 11, 2025
    The Orchard Restaurant reopens   GORATAONE KGOSIMORE RelatedPosts Debswana completes refurbishment of Camphill Trust project KHAMA IV INITIATIVES SPARK TRIBAL TENSIONS BSB leads Africa’s banking revolution  editors@thepatriot.co.bw   Debswana through itsCorporate Social Investment (CSI) Programmelast year funded the Camphill… Read more: Debswana completes refurbishment of Camphill Trust project
  • KHAMA IV INITIATIVES SPARK TRIBAL TENSIONSSeptember 11, 2025
    Nkange MP dismisses Bangwato authority in Tutume To bring motion to repeal of Tribal Territories Act ‘It’s not asserting control but promotion of arts, sports’- Khama IV KITSO RAMONO editors@thepatriot.co.bw RelatedPosts Debswana completes refurbishment of Camphill Trust project KHAMA… Read more: KHAMA IV INITIATIVES SPARK TRIBAL TENSIONS
  • BARODSA VACANCY – Managing Directorcum Chief Executive OfficerSeptember 10, 2025
    RelatedPosts BARODSA VACANCY – Managing Directorcum Chief Executive Officer GREAT PLAINS- VACANCY CHOPPIES VACANCY – CHIEF OPERATIONS OFFICER (COO)
  • GREAT PLAINS- VACANCYSeptember 10, 2025
    RelatedPosts BARODSA VACANCY – Managing Directorcum Chief Executive Officer GREAT PLAINS- VACANCY CHOPPIES VACANCY – CHIEF OPERATIONS OFFICER (COO)
  • CHOPPIES VACANCY – CHIEF OPERATIONS OFFICER (COO)September 9, 2025
    RelatedPosts BARODSA VACANCY – Managing Directorcum Chief Executive Officer GREAT PLAINS- VACANCY CHOPPIES VACANCY – CHIEF OPERATIONS OFFICER (COO)
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?