With the 2010 World Cup expected to boost demand for tourism properties and generally strong growth in the South African tourism market, a new hotel and leisure property broking company has been launched.

The Three Cities Group in conjunction with Tourism Asset Management have formed Hotel and Leisure Investments, a property brokering company.

Hotel and Leisure Investments has offices in Cape Town, Durban and Johannesburg and will focus on promoting investment opportunities in certain existing Three Cities Group four- and five-star properties for leisure investment.

MD Mark Martinovic says the group will specialise in selling only hotel, leisure-related properties.

Martinovic says the group will be selling 420 hotel accommodation units, some of which are being developed and some of which are complete.

In addition, the company will also be marketing 10 new hotel and resort tourism developments across SA.

He says the hotel industry is booming in SA and that the number of tourists visiting the country has surged every year in the past 12 years.

About 12 years ago just more than 1-million tourists visited SA a year. This number has now surged to about 7- million a year.

"The hotel and leisure industry is a massive growth opportunity in SA."

He says expectations of the World Cup have already created massive demand for hotel property in SA.

The group held official launches at branches in Johannesburg and Pretoria in the past two weeks and will be launching an office in Durban this week.

Business Day
 
Publisher: I-Net Bridge
Source: I-Net Bridge