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Premier Hotels & Resorts has announced the transfer of the Faircity Hotel Group and its assets and management contracts. The news of the deal was initially announced in April.
The Faircity Group consists of three- and four-star conference hotels and serviced apartments in Gauteng, including the Falstaff and Quatermain in Morningside, Mapungubwe in Johannesburg’s inner city, Roodevalley and Kievitskroon near Pretoria, and Grosvenor Gardens Apartments in Pretoria.
Faircity properties will remain under the Faircity brand and trademark to allow for easy recognition and business continuity.
The acquisition of these properties adds 512 rooms to Premier’s existing portfolio of more than 2 000 rooms. The portfolio now consists of 24 properties in Gauteng, KwaZulu Natal, Mpumalanga and the Eastern and Western Cape. The Premier Splendid Inn in Bloemfontein is due to open in September, as well as two new hotels in Umhlanga early next year.
Source: tourismupdate.co.za
