Why Hospitality?
Vision and Strategy – The strategic objectives of the Fund are to sustain and optimise our business, and to grow our portfolio, both organically and inorganically to increase distributable earnings and distributable earnings per share.
Our vision is to own quality properties in the South African hospitality industry.
Management – An experienced management team supported by a diversified and independent board of directors.
Relationships – As the property owner, we have a symbiotic relationship with our tenants and the hotel management companies, who are the representatives of the brands in our portfolio. Hospitality will continue to build these relationships. The underlying approach has been to communicate honestly, fairly and transparently. We will continue to engage with our tenants / the hotel management companies to further strengthen these relationships, concentrating on maintaining or improving operating margins and to seek out any revenue creating opportunities.
Financial Strength – The Fund’s low gearing provides us with headroom to grow our portfolio by investing to improve the quality of our existing properties and acquiring well located, value-enhancing hotels in major urban centres with strong brands and diverse source markets.
