Our hotels serve as a strategic amenity for our office occupiers in the business parks.
Assistant Vice President, Hospitality
Our hospitality assets enable us to meet our occupiers’ needs and represent less than 5% of our GAV, NOI and Distributions. This portfolio comprises four hotels totalling 1,096 keys. Of these, two hotels with 477 keys are operational and the rest are under development at Embassy Manyata (to be completed by Jun’22). These hotels contribute to our “total business ecosystem” offering and play a critical role in attracting corporate occupiers to our business parks.
Four Seasons at
Hilton and Hilton Garden
Inn at Embassy Manyata
Impact of COVID-19 is limited given hotels contribute <5% of Embassy REIT’s GAV,
NOI and Distributions.