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Home » African Sun confirms sale of Monomotapa Hotel
Companies & Markets

African Sun confirms sale of Monomotapa Hotel

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The deal is subject to shareholder approval at an extraordinary general meeting and consent from the Competition and Tariff Commission.
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AFRICAN Sun Limited (ASL) has confirmed that it has signed transactional agreements for the sale of Monomotapa Hotel to Monomotapa Hospitality (Private) Limited, in which the Public Service Pension Fund has an interest. The transaction, valued at US$18 million plus VAT, includes the hotel’s land, buildings, and adjacent car park, and will be sold as…

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