Listed Hospitality Property Fund disposes of Inn On The Square for R157m through its wholly owned subsidiary HPF Properties.

Hospitality Property Fund will get a new CEO and financial director‚ following its takeover by Tsogo Sun.

Hospitality turns around under the management of CEO Vincent Joyner and is set to compete with other mid-cap property companies on the JSE, following an investment from Tsogo Sun.

Gaming and leisure group Tsogo Sun is set to gain the income benefits of having a portion of its hotel assets in a real estate investment trust structure when it gains control of Hospitality Property Fund.

Hospitality Property Fund Limited, the JSE-listed Real Estate Investment Trust (“REIT”) today announced that it has signed an agreement to acquire 10 hotel properties, valued at almost R1.8 billion, from Southern Sun Hotels Proprietary Limited, a wholly owned subsidiary of Tsogo Sun Holdings Limited.

JSE-listed Hospitality Property Fund appoints Vincent Joyner as its new CEO and a member of its board with immediate effect.

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