Lonrho, the Africa focused investment firm, has bought an 80% stake in a site in Mozambique which it believes could become a strategically important hotel and office complex.The first phase of the project in Beira, on Mozambique's east coast, will see an existing property redeveloped into a branded "easyHOTEL" with accompanying office space.The idea is to cash in on the growing number of visitors attracted by oil and gas discoveries in the area and also by tourism.The deal will cost $5.1m over five years but also includes debts of $2.7m.Commenting on the transaction Lonrho's chief executive David Lenigas said:"Mozambique is a rapidly developing economy being driven by significant new oil and gas exploration, mining, tourism and agriculture projects. Lonrho is already very active in Mozambique in the hotel, IT, and agriculture sectors and sees the city of Beira as an important port gateway that will benefit from the growing economy."Shares in Lonrho were down 2% in early trading.BS