Peermont Hotels Casinos and Resorts has closed the sale of the 4-star Peermont Mondazur Hotel and Spa at San Lameer in KwaZulu-Natal (South Africa) to the Cape Town-based Fairtree Hospitality Real Estate Private Equity Fund.
The hotel is being rebranded as the San Lameer Resort Hotel & Spa to align with the San Lameer Golf Estate.
“We are pleased to conclude this transaction,” said Anthony Puttergill, Chief Executive Officer of Peermont. “We are confident that, in Fairtree Capital, we have found a buyer who will continue to develop and improve the property for the benefit of our guests whom we have enjoyed hosting over the years. Following the sale, the current staff complement remains in place under new general manager, Marc Gers.
“On behalf of Peermont, I would like to thank all our customers for supporting Mondazur and look forward to being of service to travel, corporate and conference buyers for all our other properties, including the new Thaba Moshate Hotel Casino and Convention Resort in Burgersfort, Limpopo and our new Umodzi Park business precinct management contract in Lilongwe, Malawi, which includes the 5-star President Walmont hotel and the Bingu Wa Mutharika International Convention Centre.”