Zimbabwe: African Sun Gains 100 Percent Control of Victoria Falls Hotel

Zimbabwe: African Sun Gains 100 Percent Control of Victoria Falls Hotel

THE largest hotel firm in Zimbabwe, African Sun, has gained total control of the Victoria Falls Hotels following the purchase of the remaining 50% stake in the asset held by Meikles.

Zim tycoon John Moxon's Meikles sells Victoria Falls Hotel stake

The Zimbabwean conglomerate built by John Moxon's grandfather has sold its stake in the Victoria Falls Hotel to African Sun Limited, leaving the country's hotel industry entirely and closing a retreat that has run for seven years.Meikles Limited and African Sun have operated the hotel on a 50:50 basis since 1998. The property itself is owned by Emerged Railways Properties, a joint venture between the National Railways of Zimbabwe and Zambia Rail…