Hotels and Leisure

CEO of SA's Sun International quits

Graeme Stephens, the chief executive of South African hotels and casinos operator Sun International which owns flagship resort property Sun City, near Rustenburg, is to step down at the end of April 2017. ... Full story

Marriott International to debut Element brand in Egypt

Marriott International (NASDAQ: MAR) announced plans to debut Element Hotels, the eco-incubator brand in Egypt in early 2019. ... Full story

Hilton to develop Hotel in Africa’s tallest development

Hilton Worldwide (NYSE:HLT) has unveiled plans to built a 255 guest-room and suite hotel in Kenya’s capital, Nairobi – expected to open in 2020. ... Full story

Rwanda’s Property market indicates a bubble is about to burst

KIGALI — Real estate developers have been pouring money into new investments at a frantic pace in Rwanda's property market, fueling concerns that a bubble may be unavoidable. ... Full story

Nigeria's weak economy leads Sun International to the exit door

JOHANNESBURG – South Africa's Hotel and gaming group, Sun International Ltd [JSE:SUI] announced on Monday that it will packing its bags exiting Nigeria, amid a number of factors. ... Full story

South African Property Market worth $403-billion

South African property market is currently valued at a staggering USD $403 billion (R5.8-trillion ZAR), according to latest research released by the Property Sector Charter Council (PSCC) in Johannesburg on Tuesday. ... Full story

Number of new Hotel developments on the rise

Africa's hospitality market has seen a very rapid rise in the number of new hotel development pipeline — especially in Nigeria, Angola, Egypt and Kenya. ... Full story

Breaking 'ground' on first Hilton Hotel in Cape Verde

Luxurious beach front hotels developer, the Resort Group is developing first Hilton Hotel in Cape Verde’s capital and largest city, Praia. ... Full story

Sub Saharan growth drives African hotel surge

Appetite for hotel development in Africa is increasing with many more businesses setting up offices or doing deals on the continent. ... Full story

SA’s hotels group to build 500-room hotel complex in Cape Town

South Africa's gaming and hotels group, Tsogo Sun (TSH) on Tuesday said it would begin construction of a 500-room hotel complex in Cape Town’s city centre. ... Full story

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