Hotels and Leisure

Protea Hospitality Group to expand its Hotel in Zambia

In response to the rapidly growing demand for business travel in Zambia‚ Protea Hospitality Group said on Monday it was significantly expanding its Protea Hotel in Lusaka as part of its African expansion drive.

REITs structure to stimulate Hotel Investments

The newly launched real estate investment trusts (Reits) structure in South Africa and the mobilisation of sovereign wealth funds for investment in Africa are likely to stimulate hotel investments on the continent, the Hotels Investment Conference Africa heard last week.

New hotel in Margate KZN targets summer 2013 opening

November 1, 2013 will see the opening of BON Hotel Margate, a six-story, 60-room, full-service hotel on Margate’s main thoroughfare overlooking the blue flag beaches.

Hospitality Property Fund acquires Radisson Blu Gautrain hotel for R443m

Hotel-focused property loan stock company Hospitality Property Fund said on Wednesday its wholly owned subsidiary HPF Properties or Propco had successfully concluded the acquisition of Radisson Blu Gautrain hotel in Sandton for R443.385 million.

Tsogo Sun injects R220m redevelopment of two landmark Durban hotels

JSE- Listed Hotel group Tsogo Sun announced huge renovation plans to merge and upgrade two landmark hotels in Durban, add more rooms and meeting space through a R220 million refurbishment.

South Africa’s property sector worth a whopping R4.9 trillion

The South African property sector is worth a whopping R4.9 trillion according to a new study undertaken to discover the size of the country’s property sector.

Gaborone's Lansmore Masa Square opens its doors to the Public

Lansmore Masa Square, part of the Lonrho Hotels family, yesterday (11 July 2012) opened for business to the public.

New Lansmore Masa Square set to transform the hospitality experience in Gaborone

As Botswana increases its economic collaborations with countries both near and afar, the highly anticipated Lansmore Masa Square is particularly well set to cater to Gaborone’s fast growing business travel and leisure tourist market.

Tsogo Sun to open "54 on Bath" new deluxe boutique hotel Rosebank

54 on Bath, Tsogo Sun’s new deluxe boutique hotel in Rosebank, will open its doors to the public on 1 July 2012.

Pinnacle Point Lagos Keys project folds

Pinnacle Point Group cannot raise funds to develop its Lagos Keys project in Nigeria, whose value is estimated to be R398 million.

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