Date: October 2018
Location: The suburb of Arcadia in Pretoria, South Africa
Name: Protea Hotel by Marriott Pretoria Loftus Park – four star
No. of Keys: 152
Buyer: Protea Hotel by Marriott Loftus Park is co-owned by Bluecor, a South Africa-based Real Estate Development Company and long-standing partner of Marriott International, together with Redefine Properties and Abland.
Located in the rapidly transforming suburb of Arcadia in Pretoria, the hotel is nestled within Loftus Park, a comprehensive mixed-use corporate, retail and lifestyle precinct in Pretoria, fast emerging as a bustling business and leisure destination.
Not far from the Hatfield Gautrain Station and the Tshwane Rapid Transport Bus route, it provides easy access from both Johannesburg city as well as OR Tambo International Airport.
“Protea Hotels by Marriott is a leading hotel brand in South Africa and enjoys unprecedented regional brand equity,” said Volker Heiden, vice president Protea Hotels by Marriott, Marriott International, Middle East and Africa and has enjoyed a great relationship with Bluecor since 2010, currently partnering on two other Pretoria hotels.
Protea Hotel by Marriott Pretoria Loftus Park offers modern rooms as well as conference facilities and meeting rooms catering for up to 180 delegates.
Food and beverage facilities include a restaurant, a coffee shop, a rooftop swimming pool and bar and lounge, offering panoramic views of the city.
Situated adjacent to Loftus Versfeld Stadium, the leading site for rugby and soccer, the hotel is expected to attract interest and gain visibility among the sporting circles.
THPT Comment: Good to see Protea on the expansion march, since it’s acquisition by Marriott in 2014 for US$186m. At the time Marriott was due to manage about 45 percent of the rooms, franchise about 39 percent of the rooms and lease approximately 16 percent of the rooms – then 116 hotels in seven African countries.
First Seen: Breaking Travel News