INTOSOL Holdings Plc / Ticker: INTO /
Index: LSE / Sector: Travel & Leisure
19 March 2019
INTOSOL Holdings
Plc (‘INTOSOL’ or the ‘Company’)
New Boutique Hotel
in South Africa Strengthens
Portfolio
INTOSOL Holdings Plc, the award-winning international luxury
travel company, is delighted to announce that it has signed a
management contract for SOUL Rainbow’s End, a luxury three-bedroom
boutique hotel located in Knysna in the Garden Route in
South Africa. The addition
of SOUL Rainbow’s End to INTOSOL’s SOUL Private Collection
(www.soulprivatecollection.com) of owned and managed boutique
hotels is in line with Company strategy of increasing revenues and
margins.
Under the favourable terms of the two-year management contract,
INTOSOL will manage and market the property worldwide with all
profit generated subject to a profit share agreement. SOUL
Rainbow’s End will operate as a boutique hotel on a full board
basis with a concierge service on-site to cater to all guest
requests. There will also be the option for guests to rent the
whole hotel on an exclusive basis. The property offers great
potential for growth and development, with space to extend the
building and with ample grounds to set up additional luxury tented
camps.
INTOSOL Executive Chairman, Rainer
Spekowius, said: “SOUL Rainbow’s End could be our
most spectacular property yet. The hotel has one of the most
desirable locations in the Garden Route, being the only property
situated on the Western Knysna Head offering guests direct access
to the Featherbed nature reserve and the amazing experiences it has
to offer. The exclusive nature of SOUL Rainbow’s End is evident on
arrival, as guests are transferred by water taxi across the Knysna
Lagoon to the premises and then enjoy a short golf-car ride to the
villa’s entrance.
“The addition of SOUL Rainbow’s End
enhances the SOUL Private Collection offering, which boasts a
variety of properties for our clients to enjoy across South Africa. SOUL Rainbow’s End provides a
new revenue and profit stream for the Company, and in the longer
term it offers opportunity for further expansion. Additionally, we
continue to assess other opportunities for the development of the
portfolio. I look forward to providing updates on SOUL Rainbow’s
End and across our SOUL Private Collection in the coming
weeks.”
Further Information on INTOSOL’s SOUL
Private Collection
INTOSOL’s SOUL Private Collection includes two properties in
Cape Town, South Africa: SOUL on
Llandudno
(www.soulonllandudno.co.za) and Penthouse on Beach
(www.penthouseonbeach.co.za).
The flagship property in the portfolio, Oceans Wilderness
(www.oceanswilderness.co.za), which reported a strong maiden
financial performance in its first year of operation, is located on
the Garden Route along with SOUL Rainbow’s End. The Company also
owns a site to build the Leadwood Safari Lodge in the Leadwood Big
Game Estate (www.leadwood.net), one of the premier locations
globally to see the Big Five in the wild.
**ENDS**
For further information on INTOSOL visit the Company’s website
www.intosolholdingsplc.com or contact:
Rainer
Spekowius
Executive Chairman |
INTOSOL Holdings
Plc |
Tel: +44 (0) 20 7236
1177 |
Charles
Goodfellow / Martin Lampshire
(Corporate Broker) |
Peterhouse
Corporate Finance |
Tel: +44 (0) 20 7220
9791 |
Juliet
Earl / Gaby Jenner
(Financial PR) |
St Brides Partners
Ltd |
Tel: +44 (0) 20 7236
1177 |
Notes
INTOSOL Holdings PLC is a London listed international luxury travel
company that merges private travel design with hotel management and
property ownership to provide bespoke, high-end global travel
experiences across the world. Its profitable private design
business which blends personal contact with proprietary technology,
VIRTOSOL, already services a growing client base of over 15,000 and
the Company is focussed on further expansion into English-speaking
markets. To increase margin and asset backing, it is building
its SOUL Private Collection of leased and owned boutique
properties. In line with this, it is in the process of
purchasing and developing a number of sites in South Africa including Oceans Wilderness, a
luxury nine-bedroom boutique hotel in the Garden Route and a
commercial safari lodge in the renowned Leadwood Big Game Estate,
one of the premier places to see the Big 5.
The luxury travel market continues to grow and tends to be
immune to economic fluctuations, with high-end customers favouring
bespoke and exclusive experiences regardless of the greater
economic climate. INTOSOL is ideally positioned to capitalise
on this trend and execute its growth strategy to become a leading
bespoke travel company with an international client base, a global
experience portfolio and a range of high-end properties across the
world providing high margin revenue and asset backing.