IHGL is a hotel and leisure focused property investment company which owns three hotels in the UK and is listed on the Euro MTF Market of the LuxSE and the AltX of the JSE (JSE share code: IHL).

Commenting, CEO Mike Watters said: “This investment in IHGL is part of our overall hotel investment strategy, which includes our 25% holding in the Redefine BDL Hotel Group, the UK’s leading independent hotel management company.

“We expect IHGL to grow into a significant hotel investment vehicle over the medium term and look forward to superior risk adjusted returns being achieved by its highly rated management team.”