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And the Winning Bid Goes To….

In the News Today: The Southern Sun Hotel Group has won the bid for the 50-year lease and redevelopment of Durban’s landmark Golden Mile hotel, the Elangeni & Maharani, after a lengthy tender process.

Southern Sun’s existing lease on the properties was to have ended next year.

Ethekwini Municipality Mayor, Cyril Xaba, made the announcement on September 27, saying the lease and R1 billion redevelopment project would act as a catalyst for more investment, and the recovery and growth of Durban’s business economy, reports TimesLive.

Southern Sun’s redevelopment project encompasses the refurbishment of the Garden Court South Beach and The Edward hotels.

“I am very excited because this will spark further investments along the beachfront, adding more value to our city,” said… continue reading HERE.

Founding:Durban was founded in 1835 by British settlers and was originally named Port Natal.

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