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African Sun asset stripping continues

Hospitality giant African Sun Limited (ASL) has announced plans to sell its iconic Caribbea Bay Resort in Kariba, marking the latest move in the company's continued disposal of non-core assets.Situated on the shores of Lake Kariba, Caribbe…

Published: 29 May 2025 at 13:36hrs | 689 | by Staff reporter

African Sun tables aggressive refurbishment initiatives

Leading hospitality group African Sun Limited (ASL) has announced an ambitious refurbishment program aimed at boosting its competitive edge on the global tourism stage, despite economic headwinds and operational challenges.Presenting the g…

Published: 07 May 2025 at 09:51hrs | 192 | by Staff reporter

Monomotapa Hotel to be offloaded for US$15 million

African Sun Limited (ASL), Zimbabwe's leading hospitality group, has announced June 30, 2025, as the target date for concluding the sale of the iconic Monomotapa Hotel, which is estimated to be worth nearly US$15 million.The hotel, situate…

Published: 05 May 2025 at 15:48hrs | 391 | by Staff reporter

Stripping of hotel group's assets at African Sun?

African Sun, a leading hospitality group, has announced plans to divest the Great Zimbabwe Hotel in Masvingo and the Beitbridge Express Hotel to TD Hotels & Leisure (Private) Limited.In a recent notice to shareholders, African Sun (ASU…

Published: 09 Sep 2024 at 08:33hrs | 871 | by Staff reporter

African Sun shuts down Victoria Falls Kingdom Hotel

African Sun Limited has announced it is shutting down its Kingdom Hotel in Victoria Falls January next year after failing to agree on lease terms with First Capital Bank, owners of the property.The hotelier said the parties had failed to r…

Published: 30 Nov 2022 at 05:16hrs | 16 | by Staff reporter

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Search / African sun

African Sun asset stripping continues

African Sun tables aggressive refurbishment initiatives

Monomotapa Hotel to be offloaded for US$15 million

Stripping of hotel group's assets at African Sun?

African Sun shuts down Victoria Falls Kingdom Hotel

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