Looking to broaden their hospitality offering into South Africa, WINK Aparthotels, part of Flyt Property Investment group, a property development and investment team, has been acquired by Afrirent Holdings (Pty) Ltd a Level-1BEE 100% black, female- owned company, via its subsidiary Indalo Hotels and Leisure, effective 1 May 2021.
According to Catalyst Fund Managers, the SA Listed Property Index (J253) recorded a negative return of -5.93% for the month ended May 2015.
Andrew Rogers joined Hospitality Property Fund in January 2007 as chief operating officer and became deputy chief executive officer in February 2009.
Hospitality is the only Specialised Real Estate Investment Trust (“REIT”) listed on the JSE that offers investors a unique investment vehicle in the hospitality sector through the ownership of a portfolio of hotel and leisure properties.
Hospitality Property Fund's shares decline 3.11% to R4.98 despite beating its forecast distribution growth for the year ended June.
Hospitality posts distribution growth of 14.5% for the year to June‚ blasting growth expectations by 4%.
SA hotel industry looks to be emerging from its post-Soccer World Cup slump‚ occupancy and room-rate figures for last year show.
Hospitality Property Fund delivers 17.7% growth to 89.08c in its distributions per combined linked unit in the 6 months to end December

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