Afrirent Holdings has successfully acquired the 99-room Protea Hotel by Marriott in Mahikeng, further cementing its footprint in South Africa’s hospitality sector through its Indalo Hotels & Leisure division.
Unlike transactions limited to management contracts, this deal grants Afrirent full ownership of the property — a clear signal of the group’s long-term confidence and investment in the tourism economy.
The acquisition comes at a time when South Africa’s tourism sector is experiencing steady growth, with Mahikeng positioned as a strategic economic hub within the North West Province.
As a 100% Black-owned Level 1 BEE company, Afrirent intends to elevate guest experiences, stimulate local enterprise, and drive job creation, all while advancing its vision for sustainable growth and inclusive economic transformation.
No comments:
Post a Comment