News Search

“Recently, we’ve witnessed a noticeable shift in the nature of hotel development in South Africa and the manner in which such developments are funded and owned,” states Wayne Troughton, CEO of HTI Consulting, a specialist hospitality and real estate consulting firm.

In a research study commissioned by Tongaat Hulett and conducted by GIW Consulting (Pty) Ltd, director Graham Wood says following an analysis of STR Global's independent metrics of the Umhlanga Hotel market, several interesting conclusions arose.

Investment grade hotel assets on the continent are traditionally tightly held due to the dominance of owner operators, high net worth individuals and family offices.

Hilton (NYSE: HLT) has signed a management agreement with Group Sadiki to open its first hotel in Casablanca.

Friday, 02 December 2016 04:05

Fidentia's one and only hotel sells for R39m

Fidentia fraud case, masterminded by Fidentia boss J Arthur Brown, is over as his One & Only Hotel is sold for R39m.

During what may be described as a tumultuous 2016 to date, while trading conditions in the property auction arena have proven challenging, retail shopping centres, service stations, hotels and residential blocks have shown resilience throughout this period and are still in strong demand.

Thursday, 20 October 2016 13:50

Karl Lagerfeld checks into the hotel business

Fashion icon Karl Lagerfeld announces he plans to launch his own branded hotel chain, with the first property set to open in the Chinese gambling hub of Macau in 2018.

Thursday, 20 October 2016 09:27

Common pitfalls when valuing property

For some firms, being awarded an instruction to value a property or portfolio of real estate assets is often not given sufficient regard, says TC Chetty, country manager for South Africa for the Royal Institution of Chartered Surveyors (RICS).

Marriott International (NASDAQ: MAR) today announced plans to debut Element Hotels , the stylish eco-incubator brand in Egypt in early 2019. Located in Cairo’s upscale Heliopolis district and slated to be the largest Element Hotel in the Middle East and Africa.

Global hotel operator Marriott International is set to open its first hotel in SA in the up market Melrose Arch precinct.

Page 1 of 12

Most Popular

Calling all Cape Town owners and managers of commercial buildings and operations: Let’s talk energy and water

Mar 04, 2017
CoCT Energy Efficiency Forum
Join us for the Energy Efficiency Forum on 16 March at 8:30 for 9:00 until 12:30 followed…

Introducing cutting edge tech to the property industry

Feb 28, 2017
Virtual Reality Technology
Positioning ourselves at the cutting edge, Fieldspace Property Group is transforming the…

The Polofields development launch met with great excitement

Feb 27, 2017
The Polofields apartment block
Balwin, South Africa’s largest homebuilder focusing on large scale sectional-title…

REBOSA opposes racist property advertisement in the strongest terms

Mar 02, 2017
Jan le Roux REBOSA
The real estate industry has been placed under an uncomfortable spotlight yet again with…

Making green affordable housing a reality

Mar 07, 2017
Belhar Gardens
Nedbank Corporate and Investment Banking (NCIB) today announced that is has made the…