African Sun Ltd
ASUN.VF – Victoria Falls Stock Exchange
Business Description
African Sun Limited is a Zimbabwe-based hotel asset management company. The Company's segments include Hotels, Real Estate, and Other. Hotel segment includes hotels operated under the InterContinental Hotel Group (IHG) Holiday Inn brand, such as Holiday Inn Harare, Holiday Inn Bulawayo, and Holiday Inn Mutare. It also features hotels managed under local brands, including Elephant Hills Resort and Conference Centre, Hwange Safari Lodge, Caribbea Bay Resort, Troutbeck Resort, and The Victoria Falls Hotel. Real Estate segment owns seven hotels, six of which are leased to the hotel operating segments. Other segment consists of Central Office, and the South Africa Reservation Office. The Central Office provides centralized administrative and support functions to facilitate the operations of the Group. The South Africa Reservation Office operates as a regional sales and marketing office based in South Africa.
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