INTOSOL adds Knysna boutique hotel

Amy Horsfield By Amy Horsfield
26 March 2019 | Updated 27 March 2019

South Africa: Travel company Intosol Holdings has signed a five-year management contact to add a six-suite South African hotel to its Soul Private Collection.

The contract, which was subject to a profit share agreement, strengthened the company's portfolio following the recent addition of SOUL Rainbow's End in Knysna in the Garden Route, South Africa and provided an additional revenue stream for the company.

Rainer Spekowius, INTOSOL executive chairman, 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."

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