A new, 100%black-owned hotel operator is to soon enter the local market following a multi-million rand deal signed this week between Afrirent Holdings, Top Toyo Investments and Indalo Hotels & Leisure Management in terms of which an R280 million, focused service Hampton by Hilton hotel will be built in Sandton, Gauteng.

Lucid Ventures, the R350M Cape Town based Hotel Fund, this week announced the launch of an all new boutique hotel brand Home* Suite Hotels into the South African market.

Monday, 28 November 2016 23:10

Tsogo Sun hikes payout

Tsogo Sun hikes its interim dividend 10% to 34c per share despite adjusted headline earnings for the 6 months to end-September being static at 88c per share.

Daksha Vallabh joined the Sandton Convention Centre team as Exhibition Sales Manager in October 2016 bringing with her many years of experience in the industry, as well as in other sectors.

Hospitality Property Fund will get a new CEO and financial director‚ following its takeover by Tsogo Sun.

Thursday, 01 September 2016 13:03

Tsogo Sun to acquire control of Hospitality

Confirmation of the Effective Date of the Transaction.

With the Regional winners in Cape Town and KZN having been announced over the last two weeks, the Women’s Property Network (WPN) completed the final leg of the Regional Awards at a glamourous event held in Johannesburg last night. 

Hospitality turns around under the management of CEO Vincent Joyner and is set to compete with other mid-cap property companies on the JSE, following an investment from Tsogo Sun.

Hotel-focused real estate company, Hospitality Property Fund, starts to turn the corner.

The takeover of hotel-focused property fund Hospitality by Southern Sun Hotels has been approved by SA’s competition authorities‚ with conditions.

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