Due to the limited number of properties available for marketing, hotel operator Sun International has decided to sell its share in Dreams, a South African tour operator.
“Following the comprehensive review of our operations over the past number of months, we decided that selling our stake in Dreams would improve operational efficiencies and productivity, whilst allowing Dreams to grow its business and realise its true potential,” says Graeme Stephens, Sun International Chief Executive.
An agreement has been concluded with Songhai Capital, a majority black-owned investment company. Change of ownership will become effective on 1 July.