Tiffendell in R150m expansion project

Posted On Friday, 23 September 2005 02:00 Published by
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Improvements to boost resort to become a world class venue
 
A proposed R150 million development of Tiffindell resort is under way and the resort will be closed while work takes place.

Phase 1 of the proposed R150m development means the resort will only be open between December 20 and January 3 and over the Easter weekend, but "the whole new operation will be ready for the snow season next year", Tiffindell's development manager Jenny Bremner said yesterday.

As part of the development two 12-bed chalets were built earlier this year and proved so popular with guests and investors that the 12 to be built in this phase have already been sold.

"Many of them were bought outright and some have sold to syndicates where there are still spaces for investors," Bremner said from Johannesburg.

So far 120 investors have taken advantage of the development.

Investors are being offered six- or 12-bed chalets built at the resort with title deeds to the land.

However, the main thrust of the resort's development will be the expansion of the skiing area from the present 150m slope to more than 10km of ski area at the end of the fourth and final phase.

"The decade of research and experience we have at Tiffindell is being followed by the R150 million expansion of the resort which will ultimately provide 10km of ski runs, more chair lifts, and mountain restaurants.

"The resort will have 1,500 beds on site, with place for 4,000 skiers per day," resort director Ivan van Eck said, adding that in the final phase the resort would have a bubble cable car to take skiers to Ben McDhui peak for a 1,5km-long descent down a choice of about eight pistes.

By the end of the development Van Eck hoped there would be between 75 and 85 chalets at the resort.

Work on phase one, which will be ready by May, will include doubling the ski area with a lift to the top, an extended restaurant area with a new lounge, improved accommodation and facilities and a landing strip 5km from the resort for charter flights, Van Eck added.

Snowmaking will be improved and shops built at the resort.

The company is also selling plots at the resort as well as the chalets.

The chalets are said to provide a return of between 20% and 25% on their R2,1m or R2,5m investment, Bremner said.

The resort had become more popular over the past two years and the development would elevate it to the level of a world class ski resort which would allow the further expansion.

Daily Dispatch
 
Publisher: Business Day
Source: Inet Bridge

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