Tsogo Sun Holdings Limited announced that will acquire a controlling stake in Hospitality by vending a portfolio of ten hotel properties into Hospitality in exchange for the issue of Hospitality ordinary shares. Pursuant to the implementation of the Transaction, the board of directors of Hospitality (the "Board") announced the appointment of John Copelyn, Zibusiso Kganyago, Laurelle McDonald (neé Fick), Rob Nicolella and Marcel von Aulock as non-executive directors to the Board, with effect from the Effective Date.