Silverstar is bringing the outside in and taking the inside out and this is clearly visible as the development starts taking shape.
Tsogo Sun is South Africa's biggest hotel group, but it is its hotel in Lagos, the Southern Sun Ikoyi, that lays claim to the second-highest average room rate in the group, trailing only a boutique hotel in Seychelles.
Tsogo Sun delivers an 18% rise in adjusted headline earnings per share to 176.5c in the year to March‚ boosted by merger activity undertaken as part of its growth strategy.
Silverstar is Tsogo Sun's jewel on Jozi's West Rand and is currently undergoing a R560-million expansion that will see it becoming a premier entertainment destination.
Tsogo Sun has been made aware of SABMiller's announcement that the company is in the process of reviewing strategic options in relation to its effective 39.6% shareholding in Tsogo Sun.
Tsogo Sun continues its drive to own the hotels it manages‚ having increased its stake in the bulked-up Cullinan Hotel joint venture with Liberty Group for a net cost of
Tsogo Sun reports a 20% rise in diluted adjusted headline earnings per share to 81.3c for the six months ended September 2013 from 68.0c a year ago.
Sandton Convention Centre has proudly notched up two more coveted industry awards in the enviable collection it has gained since it opened its doors.
In line with its growth strategy‚ Tsogo Sun has announced an investment of R900 million towards the group’s hotel expansion in Africa.

eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.