Excerpt from News24
Tsogo Sun Hotels announced on Tuesday that they would be taking over three hotels from which hotel group Marriott International decided to withdraw.
Via its subsidiary, Hospitality Property Fund, Tsogo Sun Hotels owns a controlling stake in the three hotels, with which Marriott is terminating its relationship. The hotels are the Mount Grace in Magaliesburg, the Edward in Durban and the Protea Hotel Hazyview in Mpumalanga.
Marriott International said on Saturday that it had closed three hotels and would be removing them from the Marriott system due to the impact of Covid-19.
Marcel von Aulock, CEO of Tsogo Sun Hotels, says in a statement that the hotel industry globally and in South Africa is undoubtedly experiencing one of the most disruptive and difficult periods in its history and it will take some time to recover to its previous activity levels.
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