Four Columbia Business School students consulted with hotel owner and Dar es Salaam entrepreneurs, Joseph and Damasi Mfugale, on how to build their Peacock Hotel chain, from three-stars into a five-star hotel.
The Columbia Business School team meets Joseph and Damasi Mfugale, owner and ceo of the Peacock Hotel. The Mfugales take the CBS team on a tour of their $2 million hotel expansion that will include a spa, conference center and luxury suites.
Joseph Mfugale, 64, is the founder,. He recevied his MBA from the University of Lusanne, Switzerland.
Continue reading “Africa Entrepreneurship Master Class: A Profile on the Peacock Hotel”
Damasi takes the Columbia Business School students to survey the proposed site for their beachfront luxury hotel on the Kigamboni Peninsula. The site is a five-minute ferry ride from Dar with an additional 10-minute drive from the Kigamboni ferry. This day, the ride took almost two hours.
Damasi and the Columbia Business School team finally arrive at the beach front property. The Mfugales paid the Tanzanian government $100,000 for the prime real estate. There is a catch.
Continue reading “Africa Entrepreneurship Master Class: Visit to the Peacock Hotel Proposed Beach Site”
The Columbia Business School team meets with members from various financial institutions and Peacock Hotel staff to understand the financing for the planned Peacock Hotel expansions.