Five years after it purchased the Leopard Rock Hotel,  Zimbabwe-focused investment group, Cambria Africa Plc. says it is prepared to sell off the property.

“We are an investment company and at all times we have the obligation to sell if an attractive offer is put before us for any of our investments, provided it comes from a responsible party. At the same time, we similarly are obliged to pursue all potential investment opportunities where there is an opportunity to enter at an attractive valuation, provided an appropriate long-term risk reward trade-off can be achieved,” BizDay Zimbabwe quoted the company as saying in a statement announcing its intention.

United Kingdom-based independent research company, GECR says Cambria wants to sell-off its non-core assets including the hotel to raise additional funds to expand its other core investments – Millchem and Payserv.

“Cambria has announced that it requires funding for the expansion of Millchem and Payserv as well as for the group’s working capital, and we expect that this additional funding should come from the sale of its non-core assets, including the Leopard Hotel and certain industrial properties, as well as settlement of its aircraft dispute, and the raising of additional equity and/or debt capital,” GECR said.

Based in Vumba in the Eastern highlands of Zimbabwe, the Leopard Rock hotel was built in the 1940s by the Seymour-Smiths and today it is one of the most attractive buildings in Zimbabwe.

The four-star hotel has a 1, 850 hectares of pristine Afro-Montane forest, including 58 rooms and suites, a game park, a casino and an award-winning championship golf course, which made CNN’s Top 10 Best Courses in Africa list in 2013.

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