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GOODERSON LEISURE CORPORATION LTD - Lease agreement entered into with The Beach Hotel In Durban

Release Date: 19/05/2015 13:00
Code(s): GDN     PDF:  
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Lease agreement entered into with The Beach Hotel In Durban

Gooderson Leisure Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1972/004241/06)
JSE Share Code: GDN ISIN: ZAE000084984
(“Gooderson” or “the company”)


LEASE AGREEMENT ENTERED INTO WITH THE BEACH HOTEL IN DURBAN


Shareholders are advised that Gooderson has entered into a long term lease agreement with Motsa Properties CC for
the lease of Beach Hotel in Durban, with effect from 1 June 2015.

The Beach Hotel will expand Gooderson’s portfolio and is expected to increase room occupancies within the Group.
The Beach Hotel is situated on the Durban’s beachfront in close proximity to major attractions, consists of 112
rooms, a cocktail bar, two restaurants and conference facilities and offers panoramic views overlooking the Durban
beachfront promenade and refreshing views of the ocean.

This is a voluntary announcement and is not categorised in terms of the JSE’s Listings Requirements.



19 May 2015
Durban

Designated Adviser
Exchange Sponsors

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