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Gooderson sells Beach Hotel for R20m

Gooderson Leisure Corporation will sell the business and assets of the Beach Hotel to Motsa Properties for R20 million, with effect from 1 July 2012.

The sales proceeds will be used, among others, to settle certain liabilities, Gooderson said on Wednesday in a statement. The deal is subject to the signing of a legal agreement. The Beach Hotel is situated on Durban's beachfront, consisting of 112 rooms, bars, restaurants and conference venues.

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za

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