Rezidor extends partnership agreement with Mvelaphanda Holdings (Pty) Ltd, South Africa
(Thomson Reuters ONE) - The Rezidor Hotel Group extends and broadens the partnership agreement withMvelaphanda Holdings (Pty) Ltd, South Africa. Their existing Joint Venturecovering the management of the Radisson Blu Hotel Waterfront, Cape Town will beextended to all existing and future Rezidor hotels in South Africa, Lesotho andSwaziland, and will cover all Rezidor brands."Mvelaphanda as a black empowered company and significant player on the SouthAfrican market is the ideal partner for Rezidor's operational business anddevelopment in the region", comments Kurt Ritter, President & CEO of Rezidor."We recently have inaugurated a new Regional Office in Cape Town under theleadership of Maarten Van Den Nieuwenhuijsen, Regional Director Southern Africa.This office launch and agreements like the one with Mvelaphanda bring us closerto our owners, and further strengthen our leading position in the African marketand our future development", continues Ritter. Rezidor's global long termstrategy includes a strong focus on emerging markets like the African continentwhere the group currently has 28 hotels with more than 5,800 rooms in operationand under development across the region, and sees a huge potential for furtherprojects.The Joint Venture with Mvelaphanda will cover the following properties: RadissonBlu Hotel Waterfront, Cape Town (177 rooms), Radisson Blu Hotel Sandton,Johannesburg (301 rooms), Radisson Blu Hotel Port Elizabeth (173 rooms),Radisson Blu Gautrain Hotel, Sandton Johannesburg (200 rooms, opening in 2010),Park Inn Sandton, Johannesburg (269 rooms, opening in 2010), Hotel Missoni CapeTown (157 rooms, opening in 2011), and Radisson Blu Hotel Blaauwberg, Cape Town(144 rooms, opening in 2010).Mvelaphanda is a diversified investment company - founded in 1997 by SouthAfrica's current Minister of Human Settlements, Tokyo Sexwale. The company isactive across a range of sectors - from natural resources and energy throughbanking, financial services, tourism, healthcare, logistics, industrialservices, and security. Mvelaphanda is a black-owned enterprise and as suchinfluential in South Africa where "Black Economic Empowerment" (BEE) isincreasingly emphasized."Rezidor and Mvelaphanda have built up a strong relationship in the past 9years, which resulted in the formalization of this multinational partnership. Weare of the opinion that our relationship could unlock potential in thehospitality industry, within the countries that we will be working together.Mvelaphanda will be an active role player in the new partnership. The focus willbe to assist Rezidor in the identification, development and management of hotelproperties", comments Mark Willcox, CEO of Mvelaphanda.For further information please contactKnut Kleiven, Deputy President & CFO+32 2 702 9200,knut.kleiven(at)rezidor.com
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Datum: 03.02.2010 - 06:02 Uhr
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