{"id":104753,"date":"2025-02-18T22:17:29","date_gmt":"2025-02-18T20:17:29","guid":{"rendered":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-sells-great-zimbabwe-hotel-for-us4-2-million"},"modified":"2025-02-20T23:46:32","modified_gmt":"2025-02-20T21:46:32","slug":"african-sun-sells-great-zimbabwe-hotel-for-us4-2-million","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-sells-great-zimbabwe-hotel-for-us4-2-million","title":{"rendered":"African Sun Sells Great Zimbabwe Hotel For US$4.2 Million"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Zimbabwe. <\/strong><\/span>African Sun Limited has announced the sale of the Great Zimbabwe Hotel and its associated hotel business to Mewame Family Trust for a total of US$4.2 million, reported Business Times.<\/p>\n<p>The deal follows African Sun\u2019s decision in March 2024 to divest select assets, including the Great Zimbabwe Hotel. After months of negotiations, the agreement was finalised on January 28, 2025.<\/p>\n<p>Under the terms of the transaction, Mewame Family Trust will acquire the 20.4-hectare Mundells Plot A property in Masvingo for US$3.2 million. The hotel business and its assets will be purchased as a going concern for US$1 million.<\/p>\n<p>The sale is contingent upon full payment, due diligence, and regulatory approvals, which are expected to be completed by April 1, 2025.<\/p>\n<p>African Sun, which operates ten hotels across Zimbabwe, is strategically divesting non-core assets to fund upgrades at its primary properties.<\/p>\n<p>Meanwhile, Mewame Family Trust, a key player in tourism and property, aims to expand its hospitality portfolio with this acquisition.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Zimbabwe<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Zimbabwe. African Sun Limited has announced the sale of the Great Zimbabwe Hotel and its associated hotel business to Mewame Family Trust for a total of US$4.2 million, reported Business Times. The deal follows African Sun\u2019s decision in March 2024 to divest select assets, including the Great Zimbabwe Hotel. After months of negotiations, [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":104752,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,4],"tags":[12760,17957,17956,19],"class_list":["post-104753","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-african-sun-limited","tag-great-zimbabwe-hotel","tag-mewame-family-trust","tag-zimbabwe"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>African Sun Sells Great Zimbabwe Hotel For US$4.2 Million - zimbabwe<\/title>\n<meta name=\"description\" content=\"African Sun Limited has announced the sale of the Great Zimbabwe Hotel and its associated hotel business to Mewame Famil ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-sells-great-zimbabwe-hotel-for-us4-2-million\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Sun Sells Great Zimbabwe Hotel For US$4.2 Million\" \/>\n<meta property=\"og:description\" content=\"African Sun Limited has announced the sale of the Great Zimbabwe Hotel and its associated hotel business to Mewame Famil ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-sells-great-zimbabwe-hotel-for-us4-2-million\" \/>\n<meta property=\"og:site_name\" content=\"zimbabwe\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-18T20:17:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-20T21:46:32+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2025\/02\/sm_1739904729.687616.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-sells-great-zimbabwe-hotel-for-us4-2-million#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-sells-great-zimbabwe-hotel-for-us4-2-million\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"African Sun Sells Great Zimbabwe Hotel For US$4.2 Million\",\"datePublished\":\"2025-02-18T20:17:29+00:00\",\"dateModified\":\"2025-02-20T21:46:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-sells-great-zimbabwe-hotel-for-us4-2-million\"},\"wordCount\":177,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-sells-great-zimbabwe-hotel-for-us4-2-million#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zimbabwe\/sites\/14\/2025\/02\/sm_1739904729.687616.jpg\",\"keywords\":[\"African Sun Limited\",\"Great Zimbabwe Hotel\",\"Mewame Family Trust\",\"Zimbabwe\"],\"articleSection\":[\"all news\",\"community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-sells-great-zimbabwe-hotel-for-us4-2-million#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-sells-great-zimbabwe-hotel-for-us4-2-million\",\"url\":\"https:\/\/www.africa-press.net\/zimbabwe\/all-news\/african-sun-sells-great-zimbabwe-hotel-for-us4-2-million\",\"name\":\"African Sun Sells Great Zimbabwe Hotel For US$4.2 Million - 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