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Broll Expands into hospitality as Asset Class gains strategic weight across Africa

Broll Property Group has launched a dedicated hospitality advisory platform, reflecting the sector’s evolution into a core real estate asset class. Headed by Wayne Godwin, the move aligns with growing investor demand for integrated, lifecycle-focused expertise. As hospitality assets become more complex and revenue-diversified, Broll’s expansion positions it to support both local and global capital across Africa’s rapidly transforming hospitality landscape.

Malcolme Horne

Malcolm Horne
Broll Property Group
Group CEO

Wayne Godwin

Wayne Godwin

Broll Property Group has launched a dedicated hospitality advisory platform, signalling a calculated expansion into one of Africa’s most structurally evolving real estate sectors. Headed by Wayne Godwin, the new service line reflects a shift in how hospitality is positioned — no longer as a tourism subset, but as a fully integrated, multi-dimensional asset class shaping investment strategy and urban development.

The move is rooted in what Group CEO Malcolm Horne describes as a philosophy of “strength before scale” — a deliberate approach that prioritises operational depth over rapid expansion.

In recent years, Broll has reinforced its core capabilities across property management, occupier services, and facilities management, building a platform that can support more complex, integrated advisory mandates. The launch of Broll Hospitality is therefore less a diversification play and more a natural extension of client demand.

As capital flows into hospitality assets increase — and as those assets become more sophisticated — investors are requiring advisory partners who understand both real estate fundamentals and operational performance drivers.

This is particularly relevant in Africa, where hospitality is undergoing a structural shift. Traditional hotel models are being replaced by a more diverse ecosystem that includes branded residences, extended-stay products, resorts, lodges, and lifestyle-led mixed-use developments. These assets increasingly function as experiential hubs, generating revenue from multiple streams including food and beverage, wellness, conferencing, and co-working.

Performance, as Godwin notes, is no longer defined by occupancy alone.
“Hospitality has evolved into a far more complex asset class,” he explains. “Understanding revenue diversification and operational dynamics is now fundamental to investment success.”

Broll’s integrated platform positions it to support clients across the full lifecycle of hospitality assets — from feasibility and market entry through to development, operator selection, asset management, and eventual exit. Importantly, this capability is underpinned by local market insight across Africa, combined with access to global capital through its affiliation with Cushman & Wakefield.

This global linkage is increasingly significant. African hospitality assets are attracting growing interest from international investors, but require a nuanced, on-the-ground understanding to unlock value effectively.

Horne emphasises that the group’s approach remains disciplined.
“We are not expanding for appearance’s sake,” he says. “If we cannot add measurable value, we will not enter the space.”

In this context, Broll’s entry into hospitality is less about timing the cycle and more about positioning for the long term — aligning its platform with a sector that is becoming central to mixed-use development, urban regeneration, and cross-border investment flows across the continent.

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