South Africa
  • Gauteng (Johannesburg & Surrounds)
  • KwaZulu-Natal (Durban)
  • Western Cape (Cape Town)
  • Eastern Cape
  • Mpumalanga
  • North West
  • Free State
  • Northern Cape
  • Limpopo
Rest of Africa
  • Nigeria
  • Mozambique
  • Zambia
  • Tanzania
Middle East &
Indian Ocean
  • Seychelles
  • United Arab Emirates

Arabella Hotel, Golf and Spa, Hermanus
Radisson Blu Waterfront
Mount Grace Country House & Spa


The only specialised REIT investing solely in the hospitality and leisure sectors


Hospitality lists on the main board of the JSE with 16 hotel properties.

Its capital structure comprises A and B linked units, which can only be issued in the ratio of 1:1.

In terms of its distribution policy, Hospitality distributes 99.99% of its net income. Distribution on the A linked units grow at 5% per annum for the first six years. After year 6, the distribution on the A linked units grow at the lesser of 5% per annum or CPIX. Hospitality’s B linked units receive the residual net income after settlement of the A linked unit distribution entitlement.

Hospitality acquires Protea Hotel Victoria Junction for R105million.


Hospitality acquires The Richards Hotel, The Bayshore Hotel and Protea Hotel Imperial for a total consideration of R97.7million.

During the same year, the Fund acquires The Hazyview Hotel, Hluhluwe Hotel & Safaris, the remaining 35% share in the originally acquired 90 sectional title units at the Radisson Hotel Waterfront in Cape Town, the remaining 32% share in the Park Inn Greenmarket Square in Cape Town and a newly developed extension to the Birchwood Executive Hotel & Conference Centre, comprising 120 new hotel rooms and approximately 10,000m² of conference space for a total purchase consideration of R235.1million.


Hospitality acquires Holiday Inn Sandton for a R400million.


Hospitality acquires Protea Hotel The Edward for a total purchase consideration of R110.4million.


Acquisition of The Westin Cape Town, Arabella Hotel and Spa (“AHS”) and 460 hectares of undeveloped land adjoining AHS (“Phase 2 land”) for a total purchase consideration of R756million.


Acquisition of the Radisson Blu Gautrain Hotel for a total purchase consideration of R443million.


Approval from the Western Cape Local Government to development Arabella Phase 2 land, which includes 352 residential erven, a Private Nature Reserve and a 9-hole executive mashie golf course with associated infrastructure.


The acquisition and integration of 10 hotel properties (effective 1 September 2016), through the issue of Hospitality shares to the Tsogo Sun Group, resulting in Tsogo Sun becoming Hospitality’s majority shareholder with 50.6% interest.

The restructure of the Company’s dual-share capital structure to a single-class capital structure, effective 11 October 2016, brought about the alignment of shareholder objectives. The terms of the restructure awarded one ordinary share for every A share and one ordinary share for every 3.5 B shares held.


The acquisition and integration of a further 29 hotel properties from Tsogo Sun Group, effective 1 July 2017.

The acquisition of sections and exclusive use areas in the Sandton Eye sectional title scheme, of which Radisson Blu Gautrain forms part, together with the acquisition of a real right to extend the existing scheme by some 10,000m².