Details of the property portfolio
at 31 March 2020

Property name Property title Hospitality
ownership
Property location Star grading No of
rooms
Agreement type Lease
expiry date
Western Cape              
Westin Cape Town Land lease Direct Convention Square,
Cape Town, Western Cape
Luxury 483 Fixed and variable lease 12/31/2037
Arabella Hotel, Golf and Spa Freehold Direct Hermanus, Western Cape Luxury 145 Fixed and variable lease 3/31/2041
Arabella Phase 2 land Land Direct Hermanus, Western Cape N/A N/A N/A N/A
Southern Sun Cullinan Freehold Direct Waterfront, Cape Town, Western Cape Upscale 394 Fixed and variable lease 3/31/2037
Southern Sun Waterfront Freehold Direct Waterfront, Cape Town, Western Cape Upscale 537 Fixed and variable lease 3/31/2037
Radisson Hotel Waterfront Sectional title 90 sectional title units Waterfront, Cape Town, Western Cape Luxury 177 Fixed and variable lease 8/1/2039
Protea Hotel Victoria Junction Sectional title 147 sectional title units (84% units in the Scheme) Waterfront, Cape Town, Western Cape Upscale 172 Fixed and variable lease 1/31/2027
Southern Sun Newlands Freehold Direct Newlands, Cape Town Upscale 162 Fixed and variable lease 3/31/2036
StayEasy Century City Freehold Direct Milnerton, Cape Town Midscale 175 Fixed and variable lease 3/31/2036
Sunsquare Cape Town Freehold Direct Gardens, Cape Town Midscale 136 Fixed and variable lease 3/31/2036
Western Cape total         2 381    
Gauteng              
Mount Grace Country House and Spa Freehold Direct Magaliesburg, Gauteng Luxury 121 Fixed and variable lease 1/12/2023
Southern Sun Rosebank Freehold Direct Rosebank, Johannesburg, Gauteng Upscale 318 Fixed and variable lease 1/3/2021
Holiday Inn Sandton Freehold Direct Sandton, Gauteng Upscale 301 Fixed and variable lease 1/3/2021
Radisson Gautrain Sectional title 81.54% owned Sandton, Gauteng Upscale 220 Fixed and variable lease 31/12/2030
Southern Sun Katherine Street Freehold Direct Sandton, Gauteng Upscale 122 Fixed and variable lease 3/31/2037
Birchwood Executive Hotel and Conference Centre Freehold Direct Boksburg, Gauteng Midscale 665 Fixed and variable lease 7/1/2026
Garden Court OR Tambo Freehold Direct Kempton Park, Johannesburg, Gauteng Midscale 253 Fixed and variable lease 3/31/2036
Garden Court Milpark Freehold Direct Auckland Park, Johannesburg, Gauteng Midscale 251 Fixed and variable lease 3/31/2036
Garden Court Morningside Freehold Direct Sandton, Gauteng Midscale 150 Fixed and variable lease 3/31/2037
Garden Court Hatfield Freehold Direct Hatfield Pretoria, Gauteng Midscale 157 Fixed and variable lease 3/31/2037
Garden Court Eastgate Freehold Direct Bruma, Johannesburg, Gauteng Midscale 157 Fixed and variable lease 3/31/2037
StayEasy Eastgate Freehold Direct Bruma, Johannesburg, Gauteng Midscale 135 Fixed and variable lease 3/31/2037
Kopanong Hotel and Conference Centre Sectional title 68% owned Benoni, Gauteng Midscale 169 Fixed and variable lease 11/30/2023
Southern Sun Pretoria Freehold Direct Pretoria Arcadia, Gauteng Upscale 240 Fixed lease 6/30/2028
Gauteng total         3 259    
Remainder of South Africa              
Champagne Sports Resort Freehold Combined share block and direct Central Berg, KwaZulu-Natal Upscale 152 Fixed lease agreement 31/3/2023
Southern Sun Bloemfontein Freehold Direct Bloemfontein Upscale 147 Fixed and variable lease 3/31/2036
Protea Edward Freehold Direct OR Tambo Parade Drive, Durban Upscale 131 Fixed and variable lease 7/1/2020
Protea Hotel Marine Freehold Direct Port Elizabeth, Eastern Cape Upscale 114 Fixed and variable lease 2/1/2021
Garden Court South Beach Freehold Direct South Beach, Durban Midscale 414 Fixed and variable lease 3/31/2036
Garden Court Polokwane Freehold Direct Polokwane Midscale 180 Fixed and variable lease 3/31/2036
Garden Court Kimberley Freehold Direct Kimberley Midscale 135 Fixed and variable lease 3/31/2036
Garden Court Kings Beach Freehold Direct Port Elizabeth, Eastern Cape Midscale 280 Fixed and variable lease 3/31/2037
Garden Court Umhlanga Freehold Sectional title Umhlanga, KwaZulu-Natal Midscale 204 Fixed and variable lease 3/31/2037
StayEasy Pietermaritzburg Sectional title Beneficial holding Pietermaritzburg, KwaZulu-Natal Midscale 127 Fixed and variable lease 3/31/2037
StayEasy Rustenburg Freehold Direct Rustenburg, North West Midscale 125 Fixed and variable lease 3/31/2036
Protea Hotel Hazyview Freehold Direct Hazyview, Mpumalanga Midscale 87 Fixed and variable lease 6/30/2021
Remainder of South Africa total         2 096    
SUN1 Hotels              
SUN1 Alberton Freehold Direct Alberton, Johannesburg, Gauteng Economy 76 Fixed and variable lease 3/31/2037
SUN1 Benoni Freehold Direct Benoni, Johannesburg, Gauteng Economy 58 Fixed and variable lease 3/31/2037
SUN1 Berea Freehold Direct Berea, Johannesburg, Gauteng Economy 69 Fixed and variable lease 3/31/2037
SUN1 Bloemfontein Freehold Direct Bloemfontein, Free State Economy 64 Fixed and variable lease 3/31/2037
SUN1 Cape Town Freehold Direct Cape Town, Western Cape Economy 64 Fixed and variable lease 3/31/2037
SUN1 Edenvale Freehold Direct Edenvale, Johannesburg, Gauteng Economy 76 Fixed and variable lease 3/31/2037
SUN1 Kimberley Freehold Direct Kimberley, Northern Cape Economy 64 Fixed and variable lease 3/31/2037
SUN1 Midrand Freehold Direct Midrand, Gauteng Economy 94 Fixed and variable lease 3/31/2037
SUN1 Milnerton Freehold Direct Cape Town, Western Cape Economy 70 Fixed and variable lease 3/31/2037
SUN1 Nelspruit Freehold Direct Nelspruit, Mpumalanga Economy 76 Fixed and variable lease 3/31/2037
SUN1 OR Tambo Freehold Direct Kempton Park, Johannesburg, Gauteng Economy 78 Fixed and variable lease 3/31/2037
SUN1 Parow Freehold Direct Cape Town, Western Cape Economy 76 Fixed and variable lease 3/31/2037
SUN1 Port Elizabeth Freehold Direct Port Elizabeth, Eastern Cape Economy 88 Fixed and variable lease 3/31/2037
SUN1 Pretoria Freehold Direct Pretoria, Gauteng Economy 135 Fixed and variable lease 3/31/2037
SUN1 Richards Bay Freehold Direct Richards Bay, KwaZulu-Natal Economy 64 Fixed and variable lease 3/31/2037
SUN1 Southgate Freehold Direct Mondeor, Johannesburg South, Gauteng Economy 138 Fixed and variable lease 3/31/2037
SUN1 Vereeniging Freehold Direct Vereeniging, Gauteng Economy 41 Fixed and variable lease 3/31/2037
SUN1 Witbank Freehold Direct Emalahleni, Mpumalanga Economy 90 Fixed and variable lease 3/31/2037
SUN1 Wynberg Freehold Direct Sandton, Johannesburg, Gauteng Economy 87 Fixed and variable lease 3/31/2037
SUN1 Hotels total         1 508    
Total portfolio         9 244    
Property name Valuation
March 2019
R’000
Acquisitions
R’000
Disposals
R’000
Capital
expenditure
R’000
Revaluation
surplus/
(deficit)
R’000
Valuation
March 2020
R’000
Original
cost
R’000
Capitalised
post-
acquisition
R’000
Total cost
March 2019
R’000
Western Cape                  
Westin Cape Town 1 712 052   (773) 70 409 (253 688) 1 528 000 648 895 257 452 906 347
Arabella Hotel, Golf and Spa 128 800     18 518 (18 761) 128 557 83 368 70 808 154 176
Arabella Phase 2 land 22 643     22 643 22 643 22 643
Southern Sun Cullinan 960 158   (8) 8 704 (140 854) 828 000 1 114 108 15 656 1 129 764
Southern Sun Waterfront 1 032 457     1 899 (153 256) 881 100 1 186 176 14 368 1 200 544
Radisson Hotel Waterfront 497 120   (300) 11 989 (70 009) 438 800 232 963 89 707 322 670
Protea Hotel Victoria Junction 228 362     2 456 (56 318) 174 500 122 839 61 896 184 735
Southern Sun Newlands 173 453     680 (9 933) 164 200 160 986 6 071 167 056
StayEasy Century City 238 240     2 192 (21 232) 219 200 252 288 6 798 259 086
Sunsquare Cape Town 94 167     992 (5 259) 89 900 99 489 5 151 104 640
Western Cape total 5 087 452 (1 081) 117 839 (729 310) 4 474 900 3 923 755 527 907 4 451 661
Gauteng                  
Mount Grace Country House and Spa 146 439     2 536 (32 875) 116 100 131 562 201 337 332 899
Southern Sun Rosebank 310 539   (8) 9 226 (77 257) 242 500 70 000 350 209 420 209
Holiday Inn Sandton 347 059   (28) 2 268 (100 299) 249 000 409 247 43 454 452 701
Radisson Gautrain 582 345   (2 350) 27 064 (69 896) 537 163 458 878 53 886 512 764
Southern Sun Katherine Street 134 151     557 (43 208) 91 500 86 175 1 286 87 461
Birchwood Executive Hotel and Conference Centre 846 872     14 315 (375 087) 486 100 460 859 107 946 568 805
Garden Court OR Tambo 391 768   (0) 811 (117 379) 275 200 422 122 5 849 427 971
Garden Court Milpark 306 071   (14) 946 (107 203) 199 800 374 652 3 529 378 181
Garden Court Morningside 162 562     955 (51 317) 112 200 171 334 1 782 173 116
Garden Court Hatfield 187 172     11 221 (44 493) 153 900 170 266 13 818 184 084
Garden Court Eastgate 87 225     394 (41 619) 46 000 151 389 735 152 124
StayEasy Eastgate 34 811     346 (20 557) 14 600 86 423 705 87 128
Kopanong Hotel and Conference Centre 65 600     1 187 (14 487) 52 300 78 130 9 655 87 785
Southern Sun Pretoria 200 000   200 000 200 000 200 000
Gauteng total 3 602 614 200 000 (2 400) 71 824 (1 095 675) 2 776 363 3 271 037 794 189 4 065 227
Remainder of South Africa 246 280     5 293 37 127 288 700 148 792 84 467 233 259
Champagne Sports Resort 103 602     1 174 (7 576) 97 200 148 676 3 015 151 691
Southern Sun Bloemfontein 172 241     2 725 (32 266) 142 700 110 400 53 704 164 104
Protea Edward 87 665     3 064 13 771 104 500 73 000 55 178 128 178
Protea Hotel Marine 541 969   (87) 5 660 (152 242) 395 300 592 637 19 487 612 124
Garden Court South Beach 254 344     552 (40 996) 213 900 292 050 3 090 295 140
Garden Court Polokwane 132 989     378 (21 667) 111 700 196 326 2 784 199 110
Garden Court Kimberley 307 827     1 409 (71 936) 237 300 190 305 9 506 199 811
Garden Court Kings Beach 303 683     2 081 (101 964) 203 800 298 942 8 934 307 876
Garden Court Umhlanga 164 986     623 (20 509) 145 100 137 199 3 947 141 146
StayEasy Pietermaritzburg 110 433     2 804 (29 037) 84 200 118 490 5 680 124 170
StayEasy Rustenburg 67 267     656 (15 423) 52 500 41 508 19 995 61 503
Protea Hotel Hazyview 2 493 286 (87) 26 419 (442 718) 2 076 900 2 348 326 269 787 2 618 113
Remainder of South Africa total                  
SUN1 Hotels                  
SUN1 Alberton 61 627     243 (13 870) 48 000 69 410 521 69 931
SUN1 Benoni 28 434     143 (8 177) 20 400 24 334 347 24 681
SUN1 Berea 18 613     210 (1 822) 17 000 32 132 396 32 528
SUN1 Bloemfontein 35 180     56 (6 237) 29 000 35 230 284 35 514
SUN1 Cape Town 66 199     150 (9 748) 56 600 60 005 547 60 552
SUN1 Edenvale 8 485     260 (445) 8 300 11 786 446 12 232
SUN1 Kimberley 15 710     101 (5 311) 10 500 21 841 266 22 107
SUN1 Midrand 51 825     210 (11 034) 41 000 88 022 437 88 459
SUN1 Milnerton 65 830     47 (23 177) 42 700 67 516 491 68 007
SUN1 Nelspruit 52 806     659 (9 365) 44 100 52 042 1 002 53 044
SUN1 OR Tambo 24 403     504 (11 107) 13 800 33 244 705 33 949
SUN1 Parow 63 811     121 (32 332) 31 600 64 796 542 65 338
SUN1 Port Elizabeth 70 704     355 (11 559) 59 500 69 922 615 70 537
SUN1 Pretoria 108 154     165 (19 219) 89 100 135 612 581 136 193
SUN1 Richards Bay 13 697     90 (3 087) 10 700 27 774 776 28 550
SUN1 Southgate 88 578     129 (15 007) 73 700 91 231 377 91 608
SUN1 Vereeniging 7 996     83 (2 179) 5 900 16 462 366 16 828
SUN1 Witbank 25 339     61 (600) 24 800 29 881 313 30 194
SUN1 Wynberg 32 600     341 (9 341) 23 600 30 229 658 30 887
SUN1 Hotels total 839 990 3 926 (193 617) 650 300 961 469 9 668 971 137
Total portfolio 12 023 342 200 000 (3 568) 220 008 (2 461 320) 9 978 463 10 504 587 1 601 551 12 106 138