Kievits Kroon Country Estate and Spa, situated in Pretoria to the north of Johannesburg, is now part of the Faircity portfolio.
Negotiations to buy the property began at the end of 2014 and the sale was recently finalised.
It will take a couple of months for the property transfer to be completed, so in addition to the purchase agreement, there is also a management agreement in place to ensure continuity for the transition period.
Kievits Kroon – a high-end four-star property – will strengthen Faircity’s footprint in Pretoria, in terms of conferencing, events and functions.
Faircity says it has big plans for Kievits Kroon, and after a period of consolidation, the group will start introducing new things to the hotel’s offering.
The existing staff will be retained.
Faircity now operates seven hotels in the Gauteng province.