R1.6bn investment into Golden Mile bolsters Durban tourism offering
Durban’s Golden Mile – the popular stretch of beachfront that runs from uShaka Beach to Suncoast Casino Hotels & Entertainment in the north – has received an R1.6 billion investment, courtesy of Tsogo Sun’s refurbishment of Suncoast.
Tsogo Sun’s footprint on the Golden Mile includes five hotels spanning 3.3km and represents a total investment of R370 million in renovations in the last five years. The Suncoast redevelopment project is Tsogo Sun’s largest single investment into a property in its history and provides Durban with a world-class entertainment destination that will attract both local and international visitors.
Commenting on Tsogo Sun’s strategy of unlocking growth through capital investment, Glenn Joseph, COO of Tsogo Sun Gaming, says, “Tsogo Sun has spent over R4 billion on casino and hotel refurbishments in the past five years, R1.6 billion of which has been invested into Suncoast in the last 24 months. It has been the bulk of our capital expenditure focus and is testament to our confidence in South Africa and in Durban in particular.”
When it was originally constructed in 2002 at a cost of R1.4 billion, the Suncoast development represented the biggest single investment on Durban’s beachfront. Today, Suncoast has an annual footfall of almost 6 million entertainment-seekers and the eThekwini Council has broken ground on construction to extend Durban’s Beachfront promenade, which will support the R35 billion Point Waterfront development project. Suncoast’s redevelopment project – which includes a floor to ceiling refurbishment of the entire property, the addition of 7 new restaurants, 3 retail outlets, increased casino space, a newly located Salon Privé with 180-degree sea views, a Barnyard Theatre, a multi-purpose event venue and increased underground parking – has added 8 000 square metres of space to the Golden Mile.
Says Joseph, “Tsogo Sun remains committed to the development and economic growth of Durban. 3.8 million tourists visited KZN in the past year, contributing close to R20bn to the local economy. The fact that Durban has increased its direct international flights is yet another positive sign of the growing international tourism sector. The city is not only the largest domestic tourism destination in South Africa, it is also the global business gateway to South Africa and Africa, and is renowned for having Africa’s busiest port and leading conferencing facilities, as well as being South Africa’s foremost sports and tourist destination.
“Through this investment, we are proud to support Durban Tourism’s vision to market the city as a “must visit” destination to the domestic and international tourism markets, and in so doing achieve economic development and facilitate job creation.”
According to research released by the World Travel & Tourism Council (WTTC) earlier this year, travel and tourism was forecast to contribute more to the South African economy in 2018 than in any other year, with predictions that the sector would contribute R424.5bn to the overall SA economy in 2018 – about 3% more than in 2017. Travel and tourism create jobs, drive economic growth and help build better societies.
“Investment, both in terms of product and people, is integral to the success and growth of our business. We are a proudly South African company with a Level 1 BBBEE status and 65% Black ownership.” Tsogo Sun employs 14 369 people directly and a further 8 900 through outsourced services. In the last year alone, the Group has contributed R57 million to CSI initiatives by way of education, sport and environmental awareness, in addition to supporting 242 emerging businesses in the Tsogo Sun Entrepreneurs programme. “Suncoast is a significant contributor to Tsogo Sun’s profits and, coupled with the promising signs of an economy primed for growth, we are extremely positive about the growth prospects this investment will unlock for both Tsogo Sun and for Durban tourism.”
Tsogo Sun has a portfolio of over 100 hotels and 14 casino and entertainment destinations throughout South Africa, Africa and Seychelles. For more details, visit https://www.tsogosun.com, follow on Twitter @TsogoSun or like on Facebook/TsogoSun.
ABOUT SUNCOAST CASINO, HOTELS AND ENTERTAINMENT:
Influenced by the Art Deco style of Miami South Beach, SUNCOAST Casino, Hotels & Entertainment is Durban’s most loved entertainment destination. It boasts an unparalleled atmosphere from its location on Durban’s stretch of palm-lined beaches known as the Golden Mile and is within walking distance of the iconic Moses Mabhida Stadium.
SUNCOAST is an integral part of the Durban entertainment scene and is currently undergoing an expansive refurbishment that will see the expansion of the gaming floor with 1,850 slot machines, 71 gaming tables, opening of a number of new restaurants, The Barnyard Theatre as well as the launch of The Suncoast Globe, a multi-purpose eventing venue. The jewel in the Suncoast crown is the new Salon Privé situated on the upper level with 180-degree sea views with its opulent Art Deco design creating a world-class gaming experience.
With a choice of everything from the finest cuisine, to fast food and laid back coffee spots, Suncoast offers Durban dining for every taste. Catch all the latest blockbuster movies on the big screen at Suncoast Cinecentre with eight movie theatres to choose from and the largest 3D screen in KZN, the Supernova. There is more great family entertainment on offer at The Magic Company where the kids and young at heart can enjoy hours of fun with modern and classic arcade games.
Attached to the SUNCOAST complex is the luxurious Suncoast Towers and SunSquare Suncoast hotels which offer superior accommodation for the discerning leisure and business traveler. A stay at the hotel would not be complete without a signature treatment at the Balinese-style spa located on the 9th floor. The stylish Jeera Restaurant located in the hotel is also a must for a culinary experience never to be forgotten.
SUNCOAST Casino, Hotels & Entertainment is owned by Tsogo Sun Gaming.