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Hospitality & Leisure

The Group dominates many of Zimbabwe’s premier tourist destinations with hotels in 4 of the 5 National Heritage sites.

Victoria Falls Hotel
Rooms
161
Hotel Rating
5
  • Operated in partnership with Meikles Hospitality (Private) Limited (50/50)
  • Affiliate of ‘Leading Hotels of the World’
  • African Sun lease expires 2031, with a further 10 year period at the option of the partnership
Prospects
  • Market share — nearly 50% of seats entering Victoria Falls Airport
  • Airport upgrades to drive occupancy rates – reported 42% increase in weekly capacity in 2017
  • Victoria Falls Hotel Q1 2017 already 12% (6 p.p.) higher than Q1 2016
  • Modern accommodation comprising mix of rooms and suites
  • Resilient tourist mix

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kingdom hall
Rooms
294
Hotel Rating
3
  • Legacy managed
  • African Sun lease expires in 2021
Prospects
  • Market share - nearly 50% of seats entering Victoria Falls Airport
  • Airport upgrades to drive occupancy rates – reported 42% increase in weekly capacity in 2017
  • Victoria Falls Hotel Q1 2017 already 12% (6 p.p.) higher than Q1 2016
  • Modern accommodation comprising mix of rooms and suites
  • Resilient tourist mix

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elephant hills
Rooms
276
Hotel Rating
4
  • Owned by Dawn Properties
  • Independent property valuation: US$27.4m
  • Legacy managed
Prospects
  • Modern accommodation comprising mix of rooms and suites
  • Resilient tourist mix
  • Redevelopment at hotels (conferencing facility and Kingdom and 18-hole Championship golf course at Elephant Hills and potentially 40 rooms at Victoria Falls)
  • Continuous growth of the Asian economy (significant contribution of arrivals)

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Monomotapa Hotel
Rooms
243
Hotel Rating
4
  • Owned by Dawn Properties
  • Independent property valuation: US$19.4m
  • Legacy managed
Prospects
  • Expansion of the Monomotapa hotel resulting in new state of the art restaurant, conferencing centre, gym and more parking space
  • Outdoor food and beverage development (in the park) at Monomotapa Hotel

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Holiday Inn Harare
Rooms
201
Hotel Rating
3
  • Lease expires in 2031, with an option by African Sun to extent the lease for a further 20-year period
  • IHG franchise agreement
Prospects
  • City hotels benefit from high occupancies in election years (2018)
  • Hotels benefit from association with the Legacy brand, which will spur regional and international market growth
  • Leveraging on the Holiday Inn brand to attract international and domestic business travelers

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Holiday Inn Mutare
Rooms
96
Hotel Rating
3
  • Owned by Dawn Properties
  • Independent property value: US$5.0m
  • Central Mutare – previously known as Amber Hotel, re-branded to Holiday Inn Mutare (June ’17)
  • IHG franchise agreement
Prospects
  • City hotels benefit from high occupancies in election years (2018)
  • Hotels benefit from association with the Legacy brand, which will spur regional and international market growth
  • Leveraging on the Holiday Inn brand to attract international and domestic business travelers

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Holiday Inn Bulawayo
Rooms
157
Hotel Rating
3
  • Lease expires in 2033
  • IHG franchise agreement
Prospects
  • City hotels benefit from high occupancies in election years (2018)
  • Hotels benefit from association with the Legacy brand, which will spur regional and international market growth
  • Leveraging on the Holiday Inn brand to attract international and domestic business travelers

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Carribea Bay
Rooms
83
Rating
3
  • Owned by Dawn Properties
  • Independent property value: US$3.8m (including timeshare units)
  • Adjacent to one of four largest man-made lakes world-wide
  • Only sizeable hotel, excluding lodges, on Kariba mainland
Prospects
  • Prime locations
  • Refurbishments expected to drive income
  • 40 additional rooms at Carribea Bay Sun Resort

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Great Zimbabwe Hotel
Rooms
47
Rating
3
  • Owned by Dawn Properties.
  • Independent property value: US$1.65m.
Prospects
  • Prime locations
  • Refurbishments expected to drive income
  • 150+ rooms rebuild at Great Zimbabwe

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Hwange Safari Lodge
Rooms
100
Rating
3
  • Borders on the Hwange National Park, some 150km south of Victoria Falls
  • Owned by Dawn Properties
  • Independent property value: US$2.54m
  • Legacy managed
Prospects
  • Prime locations
  • Refurbishments expected to drive income
  • 150+ seater conferencing facility at Hwange Safari Lodge

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Troutbeck Inn
Rooms
70
Rating
3
  • Owned by Dawn Properties
  • Independent property value: US$7.8m (including timeshare units)
  • Legacy managed
Prospects
  • Prime locations
  • Refurbishments expected to drive income

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kariba habour

The property is operated by Marineland Harbour and is one of the deepest and largest recreational harbours in Lake Kariba. It is conveniently and centrally situated just off the main road entrance to Kariba and within easy walking distance from the Caribbea Bay Resort.

Brainworks intends to develop the existing marina and the lakeside property surrounding the marina to include a mix of residential, retail and marina related activities that will complement our existing hotel, Caribbea Bay Sun Resort.

elephant

The Group owns 2 Game Farms in the Hwange area, known for its wide selection of wildlife.

Blue Swallow Lodges

blueswallow

“An Edwardian timeshare resort offering 24 spacious, comfortable, well-equiped lodges. All timeshare units. Located adjacent to the Troutbeck Resort, are 21/2 bedroomed with main ensuite. The lodges offer a ‘home-away-from-home’ environment, with self-catering facilities and fully equipped kitchens.”

Kingfisher Cabanas

kingfisher

“This resort, with its Mediterranean architecture, offers a wonderful setting for a family vacation. It is situated on the shores of Lake Kariba next to Caribbea Bay Resort. The resort offers 11 timeshare units, with a choice of 1, 2 and 3 bedroomed lodges to cater for varying family sizes. The lodges are self-catering and offer a home-away-from-home environment”