Holiday Inn to undergo a Multi-million Kina Makeover

Members of the largest superannuation fund in the country, Nambawan Super will benefit from a K200 million investment to expand the Holiday Inn in Port Moresby.

Nambawan Super is the major shareholder with 54 per cent of the Kumul Hotel group which owns Holiday Inn and Crowne Plaza. Last week Kumul Hotel group signed a contract with Canam Construction company of New Zealand to begin work this year.

The hotel expansion comes at a time when the LNG projects are set to begin with the demand for accommodation in the nation’s capital expected to rise.