Redefine International, the FTSE 250 income focused UK Real Estate Investment Trust, announces that it is has acquired a 25.35% shareholding in the International Hotel Group Limited for c. £3.8million.

International Hotel Group Limited is looking to become a GBP200m net asset value property company in the next three years.

Blackstone announced the final close of its latest global real estate fund, Blackstone Real Estate Partners VIII (“BREP VIII”), at $15.8 billion.

JLL’s latest thought leadership research paper ‘Spotlight on Africa: Opportunity on the Horizon’ explores the investment potential of hotels in Africa, and notes a significant improvement over the past decade, though it is not without its challenges.

Total income for SA's tourist accommodation industry rises 8.1% in nominal terms in July 2015 compared with July 2014.

Nasdaq-listed hotel operator Marriott International will be opening two new branded Marriott properties in Johannesburg’s Melrose Arch precinct in February.

Takeover target Hospitality Property Fund’s total distribution per linked unit falls 7.7% in the year to June.

Durban’s Point precinct is been transformed into a property market paradise, with upgraded roads and waterways leading to upmarket apartment blocks.

Pepperclub Hotel & Spa has been nominated as a finalist in the 2015 World Luxury Hotel Awards.

Fourteen properties managed by AHA Hotels and Lodges have received a 2015 TripAdvisor Certificate of Excellence award, which celebrates excellence in hospitality and is given only to establishments that consistently achieve great traveller reviews on TripAdvisor.