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“Recently, we’ve witnessed a noticeable shift in the nature of hotel development in South Africa and the manner in which such developments are funded and owned,” states Wayne Troughton, CEO of HTI Consulting, a specialist hospitality and real estate consulting firm.
In a research study commissioned by Tongaat Hulett and conducted by GIW Consulting (Pty) Ltd, director Graham Wood says following an analysis of STR Global's independent metrics of the Umhlanga Hotel market, several interesting conclusions arose.
A handpicked team of architectural, construction and design experts is ensuring that Cape Town’s eagerly anticipated Radisson Blu Hotel and Residence Cape Town is well on track to opening its splendid doors within a year.
Developers are fetching record prices in a number of new luxury apartment buildings in sought-after areas of Cape Town and Johannesburg.
The face and fortune of Cape Town’s lower CBD is set for a sea change with the development of a R1-billion first of its kind five star hotel and apartment block combo in one of the city’s architectural masterpieces.
A public auction at the Radisson Blu Hotel saw top businessmen in Nelson Mandela Bay digging deep into their pockets to purchase four prime properties in the city on Tuesday.