Meikles Limited has reopened discussion on the possible disposal of its remaining hospitality interests, less than six months after the group announced it had abandoned plans to sell its stake in the iconic Victoria Falls Hotel.
In a cautionary statement issued on Tuesday, the company advised shareholders and investors that it is currently engaged in discussions that could result in the disposal of its remaining interest in hospitality operations.
“The Directors of Meikles Limited wish to advise shareholders and the investing public that the Company is currently engaged in discussions relating to the potential disposal of its remaining interest in hospitality operations,” the company said.
Meikles added that the proposed transaction could qualify as a major transaction under stock exchange regulations.
“The proposed transaction may constitute a ‘Category 1’ transaction in terms of Section 253 of Statutory Instrument 134 of 2019.
Accordingly, the Company will seek shareholders’ approval for the proposed disposal at an Extraordinary General Meeting to be convened in due course.”
The company further warned investors that the outcome of the negotiations could have a material impact on its share price.
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“If concluded, the transaction may have a material effect on the value of the Company’s shares.”
The latest development marks a significant reversal from December 2025, when Meikles informed shareholders that it had “revised its earlier decision to divest” from the Victoria Falls Hotel business.
Meikles owns a 50 percent stake in the Victoria Falls Hotel through a joint venture with African Sun Limited, which owns the remaining shareholding.
The historic property is one of Zimbabwe's most recognisable tourism assets and has long been regarded as a flagship destination within the country's hospitality sector.
The Victoria Falls Hotel stake is Meikles' last remaining direct hospitality investment following the sale of the former Meikles Hotel in Harare to Albwardy Investments for US$20 million.
Albwardy has continued expanding its presence in Zimbabwe's tourism sector and recently acquired the Kingdom Hotel in Victoria Falls for US$30 million.
The potential disposal comes at a time when Zimbabwe's tourism sector is experiencing renewed growth. International arrivals rose by 11 percent to 384,561 during the first quarter of 2026, while tourism receipts increased 14 percent to US$251 million, supported by improved connectivity and recovery in key source markets.
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