The R870 million Houghton Hotel has awarded the final construction contract to Stefanutti Stocks.

Jones Lang LaSalle Incorporated (NYSE: JLL) today reported broad-based revenue growth for the first quarter of 2016 resulting in adjusted earnings per share of $0.82.

UAG was founded in 1992 by Haddis Tilahun and was later joined by his wife, Dr. Martha Namundjebo-Tilahun.

Gaming and leisure group Tsogo Sun is set to gain the income benefits of having a portion of its hotel assets in a real estate investment trust structure when it gains control of Hospitality Property Fund.

Sun City’s four hotels and the entertainment zones are in the process of being revamped in a five-year, R1-billion upgrade which will be complete in 2017.

Commercial property is no more a ‘Cinderella’ asset class for UHNWI’s as they now account for 25% of global commercial property investment volumes investing $902 billion into the sector since the current cycle commenced in 2009.

Thursday, 10 March 2016 16:16

Protea to open two hotels in Kampala

Protea Hotels will invest about R627m developing two hotels in Uganda, says group.

Iconic new urban development, Melrose Arch, has become the new home of some of South Africa’s top legal minds.

Hospitality Property Fund Limited, the JSE-listed Real Estate Investment Trust (“REIT”) today announced that it has signed an agreement to acquire 10 hotel properties, valued at almost R1.8 billion, from Southern Sun Hotels Proprietary Limited, a wholly owned subsidiary of Tsogo Sun Holdings Limited.

Sun City still ranks as one of the best holiday destinations amongst South Africans, with the resort receiving yet another award for Best Holiday Resort, this time as voted for by the readers of Pretoria News. 

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