A new, 100% black-owned hotel operator is to soon enter the South African market following a multi-million rand deal signed this week between Afrirent Holdings, Top Toyo Investments and Indalo Hotels & Leisure Management, in terms of which an R280 million ($19.5 million) focused service Hampton by Hilton hotel will be built in Sandton, Johannesburg.
This will be the first Hampton by Hilton property on the African continent.
The development will have approximately 161 rooms and will be well-positioned in the Sandton area.
The project is expected to be completed by December 2020.
In terms of the arrangement, Top Toyo will develop the property, which will be managed by Indalo Hotels & Leisure Management through a franchise agreement with the Hampton by Hilton brand, under the wider Hilton brand.
Hampton by Hilton currently has 2,338 hotels with 237,334 rooms globally in operation, with a further 585 hotels comprising 74,127 rooms in its pipeline.