Minor Hotel Group and Sun International have entered into a strategic partnership that will see the Minor Group take ownership of eight of Sun International’s hotels in Botswana, Lesotho, Namibia, Swaziland and Zambia, to the cost of R679,5m.
Sun International will dispose of 50% of its interests in Zambia and 80% of its interests in Botswana, Namibia, Lesotho, and Swaziland.
The properties include the Royal Livingstone and Zambezi Sun, in Zambia; Gaborone Sun Botswana in Botswana; Kalahari Sands in Namibia; Lesotho Sun and Maseru Sun in Lesotho; and Swaziland’s Royal Swazi and Ezulwini Sun.
Sun International will continue to manage the casino operations, while Minor will assume the hospitality operations under its Anantara and AVANI brands.
Dillip Rajakarier, ceo of Minor Hotel Group said: “Starting with the existing African Assets, it is the intention of the partnership to explore other hotel and gaming opportunities that may arise in Africa and Asia, where Minor would manage the hotel component and Sun International would manage the casino component”.
Late last year, the Minor Hotel Group announced its partnership with Rani Resorts. The two companies formed a joint venture company for five of Rani’s Mozambican resorts, which are being re-branded.
Anantara Hotels, Resorts and Spas are found in Thailand, Maldives, Vietnam, Bali, Phuket and Abu Dhabi.
From : Tourism Update
21 August 2014