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Tsogo Sun dumps R23bn casino disposal deal with Hospitality

  • Published in News

In July, the company said it would sell a portfolio of seven of its casino and hotel businesses to the Hospitality Property Fund. Hotel and gaming group Tsogo Sun on Monday ditched its proposed disposal of seven mixed-use casino properties to Hospitality Property Fund and also the subsequent distribution of the group’s entire holding of Hospitality shares to Tsogo shareholders after some investors did not support the transaction.

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Hospitality and tourism’s relevance to African markets

The hospitality and tourism is an important sector for many developing countries, since it is one of the main foreign exchange earners and key exports component. In 2016, foreign visitors to Africa reached 58 million with a spending of USD 40,7 billion approximately 36,3%, and projected to reach 42,9bn by end of 2017. These statistics by Jumia Travel’s Hospitality Report Africa, reflect the sector’s extensive significance both in terms of social and economic growth.

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The Grey Boutique Hotel to launch in the heart of Cape Town

In De Waterkant, Green Point, The Grey Boutique Hotel is set to launch in December 2016, with 13 double rooms with en-suite bathrooms, free high speed Wi-Fi and a mini bar. Two of the rooms incorporate a private balcony overlooking the majestic Table Mountain. 

Together with the launch of the boutique hotel, a trendy collection of hospitality and leisure spaces now called ‘The Grey’, will be launched at the same time. The trend-epicentre destination hotel is home to Skybar, SHIO restaurant, The Piano Bar and KOS kiosk, together forming ‘The Grey Experience’, each with a unique purpose for tourists and local hangout spots.

The Grey Boutique Hotel incorporates décor elements of Moroccan influences with splashes of colour in the courtyards and imported décor materials that create a feeling of authenticity. The bright colours unfold in the intricate layout of the hotel and complement the grey hues of the building. 

Co-Owner and Managing Director of The Grey Boutique Hotel, Lisa Calligaro, manages and owns two renowned jewellery stores in South Africa, Giro Del Mondo, integrating women’s fashion, jewellery and home décor. With hotel management behind her name, Calligaro embarked on the ‘The Grey’ project in June 2016, when the renovations began under the guidance of her father and hotel developer Christian Peters, who is also co-owner together with Monika Brune, owner of leading PR agency in Germany, Blume PR.

Owner of Strandhotel Blankenese in Hamburg, Peters and Brune also own one of the largest Kitchen accessory companies in Germany, One Kitchenand a concept store in Hamburg, called 'The Box', which incorporates many stores under one roof. For Peters and Brune, The Grey Boutique Hotel means entering the South African market for the first time, while Calligaro is no stranger to it. 

Together they have created an urban destination point in Cape Town for those wanting to experience De Waterkant and the city centre in its truest form. When the renovation is complete they will have taken an old dusty building and transformed it into a definitive place incorporating the different lifestyle spaces that will not only attract locals but also young travellers.  A cool place for urban people.

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SA Hospitality Industry faces the double-edged sword of online platforms

Online booking platforms offer the traditional, formal hospitality sectors multiple opportunities to market their inventory and secure bookings.  With today’s rising consumer preference to research, identify and transact for what they want online, preferably using their phones, most hotel chains, resorts and guesthouses recognize the value of being present and accessible on tech-driven sites such as Booking.com, Hotels.com, Expedia and Hotwire which feature on the ‘best deals for consumers.

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