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Richard Branson to purchase Rochelle Hotel and Mountain Vineyard

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(Credit: Reuters) The image shows billionaire Richard Branson.Richard Branson
April 17
9:04 AM 2014

Richard Branson, the infamous British business, has agreed to acquire South African Mont Rochelle Hotel and Mountain Vineyard. This would add to his luxury hotel collections, reported Ventures Africa.

A preliminary deal was already inked by Branson, said the report. However, the financial terms of the deal were not disclosed. The purchase would be push through under his luxury hotel business, Virgin Limited Edition. The move was intended to promote Franscheok’s wine industry where the luxury retreat is located.

The deal would increase the luxury business of the Branson. The hotelier owns South Africa-based Ulusaba Private Game Reserve and Kasbah Tamadot in Morocco. He also owns Sa Terra Rotja in Majorc and Verbier-based The Lodge. Furthermore, Branson owns a 74- acre land in Necker Island.

Richard Branson’s investment came after billionaire Analjit Singh made a stake purchase in a South Africa-based luxury retreat business days ago, reported Ventures Africa.

According to Branson, ”I’m thrilled to be able to announce that we are in the process of purchasing Mont Rochelle and what I’m sure will be a “must visit” winelands experience in South Africa.”

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