Thailand firm acquires Gaborone Sun

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Sun International has tied a deal to sell Gaborone Sun Hotel and three of its other hotels in the Southern African region to a Thai company.

The global gaming and leisure company, which is looking to reduce its exposure to some African assets, has teamed up with Thailand-listed leisure conglomerate Minor International (MINT) in a R661million (P528 million) deal. The deal allows the South African Sun International to markedly reduce its exposure to three African hotels.

The mechanics of the deal will see Sun International selling the hotel businesses to the Asian leisure giants while it retains the casinos operations.

Editor's Comment
UDC's 100 Days: Please deliver your promises!

We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...

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