Hotels and Leisure

Amdec-Marriott JV brings AC Hotels brand in the Mother City

The joint venture between Melrose Arch owners, the Amdec Group and NASDAQ-listed Marriott International, brings the first AC Hotels brand to Africa. ... Full story

PE Hospitality Industry feels AirBnB sting

The idea behind Airbnb started off simply enough. Those with a spare room could rent it out for a night or two and earn some extra cash. But now the online platform is threatening the viability of conventional lodging providers such as hotels and guest houses. ... Full story

Cape Town hotel market ‘still extremely favourable’

While a gloomy outlook has been painted for the economy by many, the hotel market in Cape Town seem to indicate all is still relatively well. ... Full story

Tsogo Sun ditches R23 billion Casino and Hotel deal

Tsogo Sun [JSE:TSH], the hotel and gaming group has suspended the sale of its casino and hotel businesses to Hospitality Property Fund [JSE:HPB] after failing to secure enough support from shareholders. ... Full story

Major SA hotel group to pull out of Nigerian market

JSE-listed Sun International, on Monday said it plans to exit its investment in Nigeria amid shareholder dispute. ... Full story

R1 billion revamp of Sun City to boost SA Tourism

Sun City, a luxury resort and casino situated in the North West Province of South Africa, is expecting a million visitors after going through R1 billion worth of upgrades. ... Full story

Graeme Stephens quits as Sun International CEO

Zimbabwe-born, Graeme Stephens, 53, will be leaving the gaming, hospitality and entertainment group, Sun International, at the end of April 2017. ... Full story

Fashion icon Karl Lagerfeld to venture into the hotel business

Fashion icon Karl Lagerfeld announced on Monday that he plans to launch his own branded hotel chain, with the first to open in the Chinese gambling hub of Macau in 2018. ... Full story

Marriott International gains foothold in South Africa with new hotel brands

NASDAQ-listed Marriott International today announced plans to built three hotels in Cape Town and two already in construction in Johannesburg — in partnership with Amdec Group. ... Full story

Tsogo Sun shuffles Hospitality Property Fund’s top Management

SA’s largest hotel and casino operator, Tsogo Sun Holdings said on Tuesday last week that it had shuffled Hospitality Property Fund's senior management‚ following its takeover. ... Full story

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