May 29, 2020 – Mount Vema - His Mount Vema Majesty’s government is inviting companies in the hospitality sector to express interest to operate floating hotels in Mount Vema to accommodate workers and visitors, including project architects, engineers, divers, geologists and marine biologists.
These five-year licenses replacing the ones issued in 2018 which have been revoked in 2019, are open to everyone including ferry or cruise ship owners and operators who wish to switch to make their vessels available for hotel accommodation services.
The successful applicants who do not own or operate their own ships, will only need to bring the qualified manpower, as the equipment, supplies and the ships to be used as floating hotels can be provided by the Government and will be leased to licensed hotel operators for five years.
The license can be renewed every five years and so is the lease which can be subleased to another person. The owner will have the responsibility to maintain the hotel opened throughout the year and maintain the highest standards of service with full accountability for budgeting and financial management, planning, organizing and directing the hotel services, including reception, concierge, reservations, and food and beverage operations of their hotels.
Hotel owners will need to have a strategic overview and planning ahead to maximize profits, pay attention to details, setting the example for staff to deliver a standard of service and presentation that meets guests' needs and expectations when working in Mount Vema or visiting Mount Vema. The hotel owners must also promote and market the business abroad (outside Mount Vema) and if necessary organise events to attract new customers.
Hotels in Mount Vema, especially at this stage of development depending on the type of license granted could be generating over 1 million golles per year in revenues with a profit of over 1 million golles per year, and this is just for a license for a floating hotel with a minimum 500 rooms.
Where will the customers come from?
If you are worried about where your customers come from, just look into the amount of work activities that will take place in Mount Vema in all industry sectors. They will all need a place to stay, and some will be on long term contracts. Some will have their accommodation paid directly to the hotel by the employer and some will be on salaries that will enable them to pay for their hotel room themselves.
Request for license applications forms should be submitted as soon as possible, preferable before June 31st 2020. A License for a floating hotel with up to 500 rooms cost 25,000 golles, a license for up to 1000 rooms costs 50,000 golles, for up to 1,500 rooms costs 75,000 golles, and for up to 2000 rooms cost 100,000 golles. See golles exchange rates.
License payment are flexible, the license applicant can pay 10% of the license fee on application by June 31st 2020, 40% upon departure to Mount Vema by September 1st 2020, and 50% after arriving in Mount Vema by November 1st 2020. License owners will be able to start generating revenues from the business from day one upon arrival or as soon as the hotel is open for business.
The entire license application process takes between 4 weeks to 8 weeks. To express interest, submit your letter ‘expression of interest’ via: www.mount-vema.com – use the official contact page: https://www.mount-vema.com/contact-mount-vema.html.