Hotels and Leisure

The Westin Grand Cape Town Arabella Quays in Cape Town

Nedbank Corporate Property Finance deal brings Westin ownership home

Nedbank Corporate Property Finance has provided funding to the Hospitality Property Fund Ltd (HPF) for the R750 million acquisition of the Arabella portfolio of hotels, effectively putting ownership of these prestigious properties in the hands of South Africans.

Meikles owns two premier hotels in the capital Harare and the resort town of Victoria Falls and also runs the biggest supermarket chain by branches, TM Supermarkets

Zimbabwe's Meikles to revamp Hotel and Supermarkets

Zimbabwe's hotel group Meikles Africa will spend $53 million by end-March 2011 to revamp its hotels and supermarkets and hopes to return to profit by year-end, the company's chairman.

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