Hospitality Property Fund will acquire the 301-key 4-star Holiday Inn Sandton, adjacent to the Village Walk Shopping Centre in Sandown, for R400 million

Linked unitholders will receive debenture interest payment for the six-month period ended June 2007, of 50.83c per A-linked unit and 71.68c per B-linked unit

Total return on Hospitality A-linked units total 38% and for B-linked units it amounts to a notable 116%. The Fund’s total returns during the reporting period significantly outperformed the listed property sector

Hospitality Property Fund announced today that it has concluded agreements to acquire further hotel and resort properties valued at R284,0 million

Wednesday, 18 July 2007 02:00

Siyathenga seals empowerment deal for R184m

Listed property loan stock company has announced a R184m empowerment deal for two broad-based empowerment consortiums to acquire altogether 15% of the company

Thursday, 19 July 2007 02:00

Listings dry up as interest rates rise

Property listings have dried up in the past year in the rising interest rate environment and analysts are not expecting to see any in the foreseeable future

Hospitality Property Fund Limited, which invests exclusively in hotels and resorts, today announced its interim results for the six months to 31 December 2006.

Monday, 05 February 2007 02:00

Hospitality beefs up management

Hotel-focused listed property loan stock company Hospitality Property Fund has beefed up its executive management team with the appointment of a chief operating officer.

Hospitality Property Fund Limited announced that it will acquire the 4-star Richards Hotel together with neighbouring land totalling 12,960m2, the 2-star Bayshore Hotel all in Richards Bay and the 3-Star Protea Hotel Imperial in Pietermaritzburg.

Hospitality Property Fund Limited announced that it has acquired the 4-star Protea Hotel Victoria Junction for R105 million. The Protea group will continue to manage the hotel.

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