Hotel Formula 1 Overview

  • Year Founded
  • 1990

Year Founded

  • Status
  • Acquired/​Merged

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 1

Hotel Formula 1 General Information

Description

Operator of a hotel chain. The company's hotels are conveniently located and easy to find, with a choice of 21 hotels around South Africa, having modern, user-friendly design, optimum use of space and consideration for the environment ensures that guests can relax or work in an environment that is budget friendly, accessible and functional.

Contact Information

Website
www.hotelformula1.co.za
Ownership Status
Acquired/Merged
Financing Status
Corporate Backed or Acquired
Corporate Office
  • Block B, 2nd Floor, Edenburg Terraces
  • 348 Rivonia Boulevard, Rivonia
  • Johannesburg, 2128
  • South Africa
Primary Industry
Hotels and Resorts
Acquirer
Southern Sun (South Africa)
Corporate Office
  • Block B, 2nd Floor, Edenburg Terraces
  • 348 Rivonia Boulevard, Rivonia
  • Johannesburg, 2128
  • South Africa

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Hotel Formula 1 Valuation & Funding

Deal Type Date Amount Valuation/
EBITDA		 Post-Val Status Debt

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Hotel Formula 1 Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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Hotel Formula 1 FAQs

  • When was Hotel Formula 1 founded?

    Hotel Formula 1 was founded in 1990.

  • Where is Hotel Formula 1 headquartered?

    Hotel Formula 1 is headquartered in Johannesburg, South Africa.

  • What industry is Hotel Formula 1 in?

    Hotel Formula 1’s primary industry is Hotels and Resorts.

  • Is Hotel Formula 1 a private or public company?

    Hotel Formula 1 is a Private company.

  • What is Hotel Formula 1’s current revenue?

    The current revenue for Hotel Formula 1 is .

  • Who are Hotel Formula 1’s investors?

    Accor has invested in Hotel Formula 1.

  • When was Hotel Formula 1 acquired?

    Hotel Formula 1 was acquired on 14-Mar-2012.

  • Who acquired Hotel Formula 1?

    Hotel Formula 1 was acquired by Southern Sun (South Africa).

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