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Transactions

South African hotels see interest from international, local businesses

17 Apr, 2013 By: Jena Tesse Fox
 


South Africa is seeing some notable hotel investment and development by small and large companies alike. SouthAfrica.info notes that in the country's Western Cape region, boutique hotels and guesthouses have seen a "surge in investment" by overseas buyers, according to Pam Golding Lodges and Guesthouses (PGLAG).

The outlook for investment in tourism locations in the province is positive as statistics show that South Africa saw a 10.4 percent increase in foreign visitors from January to October 2012 compared to the same period in 2011, said Peter Bruil, the managing director of PGLAG, a subsidiary of Pam Golding Hospitality.

An increase in international and local visitors, together with increased sales by PGLAG, culminated in a good 2012 for the Western Cape's property market. The sale of two four-star guesthouses in Somerset West and Hermanus further improved the outlook.

Albourne Guesthouse in Somerset West was bought by Korevest Leisure Management Group, a specialist investment company focusing on small and medium-sized businesses in emerging markets, while Whale Rock Cottage in Hermanus was purchased by Dave and Anouk Bakker.

And in Cape Town, Hilton has opened its first first DoubleTree by Hilton hotel in South Africa: the 183-room DoubleTree by Hilton Cape Town - Upper Eastside.  Owned and operated by Upper Eastside Hotel (Pty) Ltd under a franchise license agreement, the newly renovated property is located in Cape Town’s upcoming district of Woodstock. The hotel becomes the fifth Hilton Worldwide property in South Africa and the third DoubleTree by Hilton in Africa.

John Greenleaf, global head, DoubleTree by Hilton said, “I am delighted we are making our debut in South Africa in such an inspiring location and with a property that will both impress and delight.  The newly upgraded DoubleTree by Hilton Cape Town - Upper Eastside offers superb facilities in a city that will help to extend our commitment to welcome the world’s travelers to key destinations.”

Rudi Jagersbacher, president, Hilton Worldwide, Middle East & Africa said, “Today’s opening is a significant milestone for Hilton Worldwide as we underline our commitment to tourism development in South Africa and broaden visitor choice by bringing our third brand and our fifth hotel to this growing market.”

Mike Flax, chairman of Upper Eastside Hotel (Pty) Ltd, owners and operators of the converted hotel said: “The city’s status as an attractive tourism and events hub is becoming globally recognized.”

 


External Source : SouthAfrica.info, Breaking Travel News
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