Minor Hotels has announced the signing of a strategic partnership with The Cavaleros Group to manage a hotel in Johannesburg, South Africa.
The signing represents the upcoming debut of Minor Hotels’ NH Collection brand on the African continent.
The Cavaleros Group was established in South Africa in 1926, with the property arm being established in 1967 by the late Cosmas Cavaleros (Founder and Chairman), led by Penny Cavaleros (Chief Executive Officer) and Alexi Cavaleros (Head of International Acquisitions).
The Cavaleros Group is one of the largest privately-owned property groups in South Africa, with its core business being the investment and development of data centres, commercial, industrial, hospitality and retail properties, both locally and internationally, and is a leading and respected member of the local and international property industry, having assembled and growing a portfolio of institutional-quality assets.
“We are thrilled to sign this strategic partnership with The Cavaleros Group to launch NH and soon NH Collection in South Africa and with it launch our first property in the country. This property will join our growing portfolio of hotels in Africa, where our Anantara, Avani and Elewana brands are already present. We look forward to a long and fruitful partnership with Penny and the Cavaleros team,”
William Heinecke, Chairman and Founder of Minor International, parent company of Minor Hotels
Penny Cavaleros, Chief Executive Officer of The Cavaleros Group, also commented, “The decision to partner with Minor Hotels for our Sandton Hotel and Africa was legendary for The Cavaleros Group.
We, as a Group, identified certain asset classes within the property sector which we will aggressively pursue, hospitality being one with exponential growth into the African continent.
Over the past three years we have engaged with all international hotel groups and concluded and recognised that Minor Hotels’ history, speed and culture is synonymous with our core Group values.
We are currently considering several hospitality opportunities across the continent and have commenced our due diligence process.”
