Hotels and Leisure

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

Southern Sun, Hospitality Property Fund given merger green light

The Competition Tribunal approved the merger between Southern Sun Hotels and JSE-listed Hospitality Property Fund (HPF). ... Full story

City Lodge has high hopes for poll shake-up

City Lodge Hotels is optimistic the outcome of municipal elections will put pressure on the ruling parties to boost economic activity, which may improve sentiment for the business traveller. ... Full story

Hospitality Property Fund sees good growth

Hotel-focused real estate company, Hospitality Property Fund, has started to turn the corner. The company saw its B shares rise about 11% on Monday, after it announced that it expected its distributions to have grown steadily in the six months to June. ... Full story

SA Property Market volumes to a Staggering R5.8-trillion

Believe it or not, the South African property sector is valued at R5.8 trillion, according to the latest Property Sector Charter Council’s (PSCC) report — aimed to determine the size of the country’s property sector. ... Full story

Sun International gets approval for Dreams merger

Sun International receives approval from the relevant gambling regulators in Latin America for the merger of its Latin American portfolio with Chile-based Dreams. ... Full story

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