Press Release from African Sun Hotels :
Change of Business Model:
Please be advised that on Friday 18 September 2015 the Company announced that it had resolved to change its business model. The change means that the Company is no longer a Hotel Management Company but is now a Hotel Investment Company .
Legacy Hotels Group
To give effect to this change a Management Agreement which signifies the beginning of a new journey for the Company was signed with the Legacy Hotels Group. The Management Agreement is effective on the 1st of October 2015 and is with respect to the following hotels,
Elephant Hills Resort and Conference Centre
Hwange Safari Lodge
Troutbeck Resort and
The Kingdom at Victoria Falls Resort
Intercontinental Hotel Group (IHG)
The Intercontinental Hotels Group (IHG) Franchise will be retained for the Holiday Inn Bulawayo and the Holiday Inn Harare, while Amber Mutare Hotel will soon be rebranded back to a Holiday Inn.
The Victoria Falls Hotel
The Victoria Falls Hotel managed by African Sun Limited and Meikles Limited will continue under the current Partnership Agreement.
The remaining Zimbabwean Hotels and related units
The following hotels and related units will remain under the management of African Sun Limited through the Managing Director’s office.
• Caribbea Bay Resort
• Great Zimbabwe Hotel
• Beitbridge Express Hotel
• Harare Sun and Bulawayo Sun Casinos
• Sun Vacations
Dated 2 October 2015