SOUTH AFRICAN ECONOMY NEWS

 

Tsogo Sun Group of Hotels is set to construct a new hotel complex with 500 bed capacity on the demolished Tulip hotel site. The facility will be located at Buitengracht and strand streets in at the Central Business District of Cape Town.

Construction work on the hotel complex in Cape Town will begin in May with completion scheduled for September 2017 for the summer. This project will be constructed at a cost of US $56.50m.

CEO at Tsogo Sun, Marcel von Aulock, said they believed that the developments currently taking place in Cape Town will lead to a demand in more hotel accommodation. Marcel has said that the new hotel project will help them provide full range of services and products for all categories, both business and leisure travelers. Nedbank had earlier announced they would launch a new executive apartment hotel, The Capital on Bath, Rosebank area this year, as a response to increase in demand for residential property in the area.

The new hotel complex will fuse together a SunSquare hotel – 200 bedroomed facility – and the StayEasy Hotel – a 300 bedroomed facility – Both will be offering clients a choice for what they can afford.

In addition, the complex will have conference facilities, house banqueting, retail space, a Tsogo Sun casual dining area and 300 underground parking bays.

According to Von Aulock, the Group was already operating three full service hotels in Cape Town – The Southern Sun Waterfront, The Cullinan and Southern Sun Cape Sun.

 

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