Hotels and Leisure

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

Gooderson earnings slide as revenue grows

Specialist hotel group Gooderson Leisure Corporation has experienced some disappointing years since it relisted on the JSE in 2006. ... Full story

Tsogo Sun to acquire Sunwest, Worcester Casino for R1.35bn

Tsogo Sun is in the process of buying 20% stake of Sunwest International and Worcester Casinos for R1.35bn from Sun International and Grand Parade Investments, the company announced recently. ... Full story

International Hotel Group eyes listing on JSE’s main board

International Hotel Group (IHL)‚ which recently released its half-year financial results, plans to move from the AltX to the JSE’s main board. ... Full story

Tsogo rides casino wave at Suncoast

Results from Tsogo Sun, the casino and hotels group controlled by empowerment giant HCI, suggests the tables are turning for the local casino sector. ... Full story

Hospitality offers Tsogo Reit benefit

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. ... Full story

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