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First Capital Bank sells Makasa Sun hotel

Makasa Sun

FIRST Capital Bank (FCB) has entered into a definitive bind­ing agreement with ASB Hos­pitality LLC for the disposal of its entire interest in Makasa Sun. The deal, valued at US$30 million, transfers 100 percent ownership of Makasa Sun, whose sole asset is the Makasa Sun Hotel, formerly known as The Kingdom at Victoria Falls. The…

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