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.

Mothusi Cooper of Gaborone United (white) battling for the ball with Mbakile Tawana of Security Systems (red). PIC PHATSIMO KAPENG

Gaborone giants face diamond sides in FA Cup quarterfinals

Kabelo Boranabi | 0 m ago

Morapedi heaps praise on Gaolaolwe

Larona Makhaiza | 1d ago

Den makes winning return for Kopong200

Kabelo Boranabi | 1d ago

No two ways; marathons must be regulated

Mqondisi Dube | 1d ago

Sweet revenge as Nawa clinches J30 Singles title

Calistus Kolantsho | 1d ago

Mpote sees FA Cup loss as a blessing, wants to focus on league

Larona Makhaiza | 15 m ago

KTM celebrates life of Jesus Christ

Nnasaretha Kgamanyane | 1d ago

Miss Philanthropy Africa honours sponsors

Otlarongwa Kgweetsi | 1d ago

Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

The Monitor Editor | 15 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