News Search

Modernist design landmark evolves into iconic residential-hotel development.

South African property development company, Billion Group – known for its development of major malls – on Wednesday evening celebrated its inroads into hotel development with the opening of the four-star, R130-million Mayfair Hotel in Mthatha, adjacent to the company’s R1.4-billion BT Ngebs City regional mall.

“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).

Page 1 of 12

Most Popular

ADvTech Properties to expand asset base to R6bn by 2022

Sep 26, 2017
Vongani Mbhokota
The properties division of JSE-listed ADvTECH, Africa’s leading private education…

Esther Mahlangu attends the grand opening of Phola Mall

Sep 29, 2017
Phola Mall Grand Opening
Month-end saw the grand opening of Phola Mall, the first fully enclosed regional shopping…

Attacq recognised for top performance in industrial and office property sectors

Sep 26, 2017
Attacq Group
Attacq has once again been bestowed top honours for exceptional performance in the MSCI…

Redefine Properties advocates new concept in office development

Sep 29, 2017
Pybus
JSE-listed, internationally diversified real estate investment trust Redefine Properties…

Outstanding credit balances in the South African household sector increased by 3,4% year-on-year

Sep 29, 2017
Jacques Du Toit Absa Hoam Loans
Outstanding credit balances in the South African household sector increased by 3,4%…