African Sun: Acquires Full Victoria Falls Hotel Stake, Awaits Regulatory Approval

Subject to final regulatory approvals, African Sun has signed a cessation agreement with Meikles Hospitality to acquire its remaining 50% interest in the Victoria Falls Hotel Partnership, a joint venture the two companies have operated since 1998. The partnership operates the storied Victoria Falls Hotel — the “Grand Old Lady of the Falls” — built in 1904 and owned by Emerged Railways Properties, a venture between the National Railways of Zimbabwe and Zambia Railways. The post African Sun’s strategic reset: Fewer hotels, bigger tourism ambition appeared first on newsday.