Hospitality AGM approves Arabella hotels deal

Posted On Monday, 15 November 2010 02:00 Published by eProp Commercial Property News
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Hospitality Property Fund announced on Friday that its unitholders have passed all resolutions relating to the acquisition of Westin Grand Cape Town and Arabella Western Cape Hotel and Spa.

 

Andrew Rogers

The resolutions were adopted at the company's annual general meeting.

The transaction is still subject to fulfilment or waiver - where applicable - of the conditions precedent, including the obtaining of various third party approvals required pursuant to existing leases and sub-leases.

Last modified on Monday, 21 April 2014 16:11

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