City Lodge buys out Courtyard

2017

According to Hotel and Restaurant, the City Lodge Hotel Group has concluded a $6.7 million agreement with HPF Properties Proprietary Limited, a wholly-owned subsidiary of Hospitality Property Fund, to acquire Hospitality’s interest in the Courtyard Hotel portfolio.

As of 1 May, City Lodge will be the sole owner of four Courtyard properties in South Africa’s Gauteng province, as well as five sectional title units at Courtyard Hotel Sandton and one at Courtyard Hotel Rosebank.

City Lodge has 52 hotels in South Africa across the Courtyard Hotel, City Lodge Hotel, Town Lodge and Road Lodge brands. It also has a Town Lodge in Gaborone (Botswana), a Town Lodge in Nairobi (Kenya), and also owns the Fairview Hotel in Nairobi.

Under construction in South Africa are the 148-room City Lodge Hotel Newtown in Johannesburg and the 90-room Road Lodge Pietermaritzburg. The group has also announced expansion plans to build new hotels in Nairobi and Dar es Salaam (Tanzania) and is in negotiations that may lead to further hotels in Windhoek (Namibia), Kampala (Uganda) and Maputo (Mozambique).