Hotels and Leisure

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.

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.

New Hotel projects popping up in Africa

Multiple new hotel developments are popping up throughout Africa — another sign of the continent's emergence as a prime destination for business and leisure travelers.

Tsogo looks to Hospitality Property Fund tie-up

Following its recent SunWest International and Worcester Casino acquisitions, Tsogo Sun is planning to capture 50% of Hospitality’s ordinary shares.

Hospitality green light mooted over Tsogo share deal

Hospitality Property Fund’s shareholders are likely tomorrow to vote in favour of a new capital structure and a share deal that will see it become the hotel arm of gaming and leisure group Tsogo Sun.

Sun City set for R800m image shake-up

Gaming and hospitality group, Sun International is to spent R800m in an attempt to revitalize its resort town, Sun City in the North West province.

Shareholders unfazed with Hospitality Property Fund share swap deal

Two minority shareholders urge Hospitality Property Fund to sweeten the share swap deal that forms part of its turnaround strategy, saying its failure to do so could jeopardise the company’s future.

Appetite for hotel development in Sub-Saharan Africa rises

Appetite for hotel development in Africa is increasing with many more businesses setting up offices or doing deals on the continent.

International Hotel operators show interest in African business

Sub-Saharan Africa is seeing a surge in hotel investment and development by overseas hotel operators, sighting economic growth which has boosted interest on the continent.

Mangalis Management Group to inject R4.3bn in Africa hotel developments

Mangalis Management Group recently said it plans to invest R4.3bn towards hotel developments in Africa.

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