THE City Lodge Hotel Group
is making solid progress
with its targeted African
expansion strategy and
expects to open five new
hotels in Kenya, Tanzania,
Uganda, Mozambique and
Namibia by mid-2017.
The group detailed its
progress in its annual
financial results, which
show a revenue increase
of 22,6% to R1,3bn for the
year ending June 30, 2015.
“This was assisted by a
contribution from City Lodge
Hotel Waterfall City, which
was fully opened in February,
and from the acquisition of
HPF Properties Proprietary
Limited’s 50% stake in the
Courtyard Joint Venture in
May for R77,5 million,” the
group said in a statement.
City Lodge is also on track
to open two new hotels in
South Africa – City Lodge
Hotel Newtown and Road
Lodge Pietermaritzburg –
towards the end of this
year. Once the group has
completed the development
projects listed, its total
rooms will increase by 15%
to 7 387 rooms.
“Although our Botswana
hotel continued to improve
occupancies, Kenyan
operations were impacted
by the Ebola pandemic in
parts of the continent and
ongoing travel advisories
issued by governments in
regard to security concerns
in parts of East Africa,” the
group said.
City Lodge expansion on track
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