Letlole hunts for deals with proceeds of Cresta sale

Friday, October 04, 2019

Letlole sold its hospitality portfolio to Cresta this year

Listed property group, Letlole la Rona (LLR) is eyeing investment opportunities following the P235 million sale of hotels to Cresta Marakanelo boosted its cash pile.

LLR shareholders approved the deal earlier this year, under which the property group sold President Hotel, Cresta Lodge, Thapama Hotel and Cresta Bosele to Cresta.

The deal sailed through despite the sale amount representing a 7.7 percent discount on the value of the four properties, which was pegged at P254.7 million in December 2018.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Rolling back: Rollers will want to turnaround its fortunes PIC: PHATSIMO KAPENG

Rollers, Orapa brace for two-part sequel

Kabelo Boranabi | 15 h ago

Faulty gadgets top complaints to BOCRA

Mbongeni Mguni | 2d ago

Civil Society fights 'flawed' constitutional amendment

Innocent Selatlhwa | 22 Apr 2024

Civil Society calls for Constitution review governing Act

Innocent Selatlhwa | 22 Apr 2024

IEC rejects 2,513 registrations

Innocent Selatlhwa | 22 Apr 2024

Motshegwa prevails against detractors

Goitsemodimo Kaelo | 22 Apr 2024

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

The Monitor Editor | 23 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Letlole hunts for deals with proceeds of Cresta sale

Listed property group, Letlole la Rona (LLR) is eyeing investment opportunities following the P235 million sale of hotels to Cresta Marakanelo boosted its cash pile.

Rollers, Orapa brace for two-part sequel

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Inspect the voters' roll!