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Old May 6th, 2011, 01:20 PM   #1
dysan1
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#Park Inn by Radisson Polokwane - Hotel

New Hotel for Polokwane, only detail at the moment.

Rezidor announces two new Park Inn by Radisson hotels in Africa
Fri May 6, 2011 5:00am EDT


The Rezidor Hotel Group, one of the fastest growing hotel companies worldwide, announces two new Park Inn by Radisson hotels in Africa: The Park Inn Polokwane in the South African province Limpopo will feature 160 rooms and is scheduled to open in Q1 2013. The Park Inn Nairobi Westlands in Kenya will add 126 rooms to Rezidor's pipeline and welcome the first guests in Q4 2013.

"Africa is one of our key markets for future business development. This emerging continent offers huge natural resources, improved infrastructure and increasingly stable systems. At the same time Africa lacks internationally branded hotel rooms or shows a dated hotel inventory in many cities", said Kurt Ritter, President & CEO of Rezidor.

The Park Inn Polokwane is Rezidor's third Park Inn by Radisson hotel in South Africa; following Sandton and Cape Town. Polokwane ("place of peace") is located in Limpopo, the country's northernmost province, and is a major economic centre. Its proximity to the neighbouring countries of Botswana, Zimbabwe, Mozambique and Swaziland, as well as a convenient distance from Kruger National Park make it the ideal regional gateway to South Africa.

The brand new property will be located along the existing Polokwane Golf Course and across the road from the new Peter Mokaba Sports Stadium. The International Airport will be 7 km away. Besides 160 modern and comfortable guest rooms, the hotel will offer a signature RBG grill restaurant, 580 square meters of meeting facilities, a gym, an outdoor swimming pool, and ample parking.

"South Africa offers considerable development opportunities for our young and dynamic mid market brand Park Inn by Radisson. We aim to enter all nine provincial capitals in the future in addition to the larger cities of Johannesburg, Cape Town and Durban", commented Kurt Ritter.
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Old May 6th, 2011, 03:10 PM   #2
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Wow, I'd love to see Rezidor's debt profile. How are they funding this frantic expansion in SA? IMO they deserve an award, I don't think there are many foreign companies that have shown as much confidence in the SA economy like they have. BTW they're also building another Radisson in the Kruger.
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Old May 6th, 2011, 03:54 PM   #3
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They are not building anything. Every single hotel they are merely the operator, someone else is building the hotel and paying for it to be kitted out to Rezidor specifications. Rezidor take this kitted out hotel and operate it - thats all. So their investment is minimal.
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Old May 9th, 2011, 08:16 AM   #4
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Good news for Polokwane, let's hope that more fantastic developments will mushroom around Peter Mokaba Sporting complex.
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