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Hospitality
$10 million loss for African Sun
Zimbabwe Stock Exchange listed hospitality group, African Sun recorded a $10 million loss for the full year ended September 30,2011,while it had a $4,9 million long term interest bearing loan following a draw down for a facility secured for the refurbishment of its hotels.
Sun Intl acquires landmark Sandton hotel
Hotels and resorts group Sun International [JSE:SUI] has entered into a 20-year lease agreement with the Cavaleros Group for the lease of the Grayston Hotel, a landmark S...
ZTA to takeover RTG hotels
Tourism body, the Zimbabwe Tourism Authority (ZTA) says it plans to take over five hotels operated by listed hospitality group, Rainbow Tourism Group (RTG).
Last Updated ( Monday, 17 October 2011 10:32 )
African Sun closes SA hotels and retrenches
Hospitality group African Sun says it has concluded the closure of its two hotels in South Africa would embark on a $2,8 million retrenchment exercise.
Last Updated ( Friday, 07 October 2011 11:08 )
Swedish hotel hits new depths
Forget the penthouse suite, one unusual hotel is sending its most important guests 155m below ground to sleep.
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