Thailand firm acquires Gaborone Sun

Friday, August 29, 2014

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.

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