African Sun, Zimbabwe’s largest hotel company, gains full control of the Victoria Falls Hotel after purchasing the remaining 50% stake previously held by Meikles. With the acquisition, African Sun moves from joint ownership to 100% ownership of the property. The hotel, widely known as the “Grand Old Lady of the Falls,” is described as an iconic resort and is reported to have been built in 1904. Both outlets frame the transaction as the completion of a shareholding structure that had left African Sun and Meikles as co-owners until the latest purchase. The reports focus on the ownership change and the hotel’s historical status, with no additional details provided in the supplied excerpts about the transaction value, timing, or future operating plans. The articles present the development as a consolidation of control by African Sun over a major landmark in Victoria Falls, where the property is associated with the town’s tourism profile.
African Sun acquires Meikles’ remaining stake in Victoria Falls hotel
African Sun, Zimbabwe’s largest hotel company, gains full control of the Victoria Falls Hotel after purchasing the remaining 50% stake previously held by Meikles. With the acquisition, African Sun mov...
- African Sun acquires the remaining 50% stake in the Victoria Falls Hotel.
- Meikles is identified as the seller of the remaining share.
- African Sun becomes the sole (100%) owner of the hotel after the purchase.
- The Victoria Falls Hotel is described as an iconic resort and built in 1904.
- The hotel is commonly referred to as the “Grand Old Lady of the Falls.”
[New Zimbabwe] THE largest hotel firm in Zimbabwe, African Sun, has gained total control of the Victoria Falls Hotels following the purchase of the remaining 50% stake in the asset held by Meikles.
2 hours agoTHE largest hotel firm in Zimbabwe, African Sun, has gained total control of the Victoria Falls Hotels following the purchase of the remaining 50% stake in the asset held by Meikles. Also known as the Grand Old Lady of the Falls, the hotel was built in 1904 and is the oldest, most iconic resort in […] The post African Sun gains 100% control of Victoria Falls Hotel appeared first on NewZimbabwe.com.
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