Luxury travel company Intosol Holdings is to manage a boutique hotel on the Garden Route in South Africa.
A five-year management contract has been signed for the six-suite property in Knysna.
It will join Intosol’s Soul Private Collection of boutique hotels and follows the company’s London stock exchange listed last autumn.
The company agreed a management deal for a three-bedroom hotel, Soul Rainbow’s End, also in Knysna, on Tuesday.
They join Oceans Wilderness, a nine-room hotel on the Garden Route, and a safari lodge in the renowned Leadwood Big Game Estate.
Intosol executive chairman Rainer Spekowius said: “Since our IPO in October 2018, we have delivered on our strategy to increase revenues and margins through bolstering our Soul Private Collection of owned and managed boutique hotels.
“In line with this, we have added three luxury properties to our portfolio and are confident that they will have a significant impact on the long-term profitability of the company.
“I am travelling to South Africa this week to oversee the finishing touches to both Soul on the Heads and Soul Rainbow’s End and look forward to providing further updates when the official marketing of both properties commences.”