First Capital Bank sells Makasa Sun to ASB Hospitality

Makasa Sun's sole asset is the Makasa Sun Hotel, formerly known as The Kingdom at Victoria Falls.

FIRST Capital Bank (FCB) has entered into a definitive binding agreement with ASB Hospitality LLC for the disposal of its entire interest in Makasa Sun. The deal, valued at US$30 million, transfers 100 percent ownership of Makasa Sun, whose sole asset is the Makasa Sun Hotel, formerly known as The Kingdom at Victoria Falls. The…

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