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PROMINENT 5-STAR HOTELS
IN CAPE TOWN INCREASE OCCUPANCIES -
Named as the World’s Top Travel Destination
by global travel site, TripAdvisor, Cape
Town has once again been recognised as a
prime destination for tourists the world
over. Recently, the Mother City’s
5-Star hotel market has been the subject
of negative speculation among some market
commentators. Read
more
HOSPITALITY ESTABLISHMENTS FOR SALE
- In this issue, we present great hospitality
properties for sale located in La Lucia,
Southbroom, Calitzdorp, Bloubergstrand,
Walmer and Ermelo. See
them here |
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| PROMINENT
5-STAR HOTELS IN CAPE TOWN INCREASE OCCUPANCIES |
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Named
as the World’s Top Travel Destination
by global travel site, TripAdvisor, Cape
Town has once again been recognised as a
prime destination for tourists the world
over. Recently, the Mother City’s
5-Star hotel market has been the subject
of negative speculation among some market
commentators, which as Joop Demes, CEO of
Pam Golding Hospitality points out, is unfortunate,
as the wrong perceptions can be created.
50% Increase
“What is true is that despite the
fact that over the past three years the
5-Star room inventory in Cape Town has increased
by in excess of 50%, a number of prominent
5-Star hotels have increased occupancies
during 2010 as well as for the six-month
period ended 31 March 2011,” he says.
Dilution
“Anywhere in the world, hotel markets
seeing such a significant increase in room
inventory will experience a dilution in
overall occupancies and Cape Town has been
no exception. This has been exacerbated
by the global and local economic slowdown,
however, overall the Cape Town 5-Star hotel
market has performed remarkably well and
is in a far better shape compared to that
in many international cities and destinations.
Pleasing
Results
“Many hotels in global destinations
would have been pleased to maintain
overall occupancies during the past
six months compared to the previous
year, and with the available 5-Star
room inventory increasing by over
50% in the last few years, one would
have expected occupancies to have
halved for quite a few hotels, and
yet the contrary has occurred.
Trend Influences
In fact, the increase in room inventory
coupled with the major exposure afforded
us through the World Cup 2010 has
led to a significant increase in bed
nights sold in the 5-Star market in
Cape Town during the last couple of
months in 2010. This trend is continuing,
and despite the strong rand this market
is being further boosted by the redirection
of some international traffic as a
result of the unrest in North Africa
and certain pockets of the Middle
East.” |
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| View
of the One&Only Hotel in
Cape Town. |
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Cape Grace Hotel at the V&A Waterfront
Demes says to illustrate this, and despite
all the new rooms available in the market
and growing competition, the Cape Grace
Hotel at the V&A Waterfront grew its
occupancy for the six months ended 31 March
2011 by 15% compared to the same period
last year, resulting in approximately an
additional 6 500 guests over the same six
months last year.
The One&Only
The One&Only, also at the V&A Waterfront,
for the period ended 31 March 2011 achieved
average occupancies in excess of 75%, reflecting
an increase of 24% compared to the same
period last year and seeing well over 6
000 additional guests compared to the same
six months in the prior year.
Radisson Blu Hotel
The V&A Waterfront situated Radisson
Blu Hotel also reports significant growth
with an increase of almost 17% in occupancy
- representing well in excess of 8 000 guests
- for the six month period ended 31 March
2011 compared to the same period the previous
year.
Cape Royale Hotel
And Demes says the Cape Royale Hotel, a
new hotel well-positioned opposite the new
stadium, and which is the only 5-Star all-suite
hotel in Cape Town, has achieved an average
occupancy well above 70% for the six months
ended March 31, 2011. “This ‘new
kid on the block’ has really got it
perfectly right in terms of location and
product and has proven that a hotel in Cape
Town does not have to be located in the
V&A Waterfront to run high occupancies,”
he says.
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| View
of the spa (centre, foreground)
at the One&Only Hotel in
Cape Town. |
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Brand
New Hotels
“The additional bed nights or
guests who visited Cape Town in these
hotels add up to a substantial amount,
and if you include the additional
guests who have been staying at brand
new hotels such as the Taj, 15 on
Orange, the Pepper Club and Crystal
Towers, you can appreciate the overall
and significant increase in bed nights
sold in Cape Town’s 5-Star hotel
market. There are, of course some
5-Star hotels in Cape Town which have
seen a decline, however as a percentage
this has really been minor compared
to the 50% increase in room inventory.
Substantial Growth
“There is absolutely no doubt
that the growth of quality supply
and competition in Cape Town - a destination
that competes with the world’s
best - has resulted in a substantial
growth in bed nights sold in the 5-Star
hotel market.
Negative Commentary
Regrettably, however, there are some
stakeholders in the hotel industry,
including financial institutions,
which have not taken into account
the above facts and when commenting,
quote an overall, |
diluted occupancy as opposed to an overall
increase in the number of bed nights sold,”
says Demes.
Hotels in Distress
He adds that when reports refer to a hotel
in distress, this does not necessarily mean
that they are about to close down. “Distress
in the hotel industry is generally caused
by one or a combination of the following
factors: the hotel is the wrong product
for the location; it is over-capitalised;
it is has taken on too much debt; or it
is not well branded and/or has no proven
operator.
Engage with Experts
Financial institutions with concerns are
encouraged to first of all engage with industry
experts to understand the dynamics of the
specific hotel and the market in which it
competes and then diagnose the real issues
that might cause the distress. The good
news is that in most cases there are remedies
that can be applied,” he says.
| For
further information contact Joop Demes
of Pam Golding Hospitality on +27
(0) 82 883 2231 or email
him here |
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QUALITY
HOSPITALITY ESTABLISHMENTS FOR SALE |
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#1
SOUTH AFRICA - KWAZULU-NATAL - DURBAN
METROPOLITAN - LA LUCIA: R7.2mil |
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Guesthouse
on the Beach at La Lucia
A beautiful, modern guesthouse
with 7 enormous, 4-star suite
bedrooms, each with direct beach
access and their own entrance
in millionaire’s row in
La Lucia.
This guesthouse offers the ‘Indian
Ocean’ postcard experience,
which many aspire to but very
few enjoy. In addition, there
is a 2 bed, 2 bath terrace apartment
with open-plan living areas
surrounded by verandas and patios
with wonderful sea views.
A good combination of quality
lifestyle and business.
Contact
Corinne Lategan
Email: corinne.lategan@pamgolding.co.za
Cell: +27 (0) 82 789 1915
Ian Bannerman
Email: ian.bannerman@pamgolding.co.za
Cell: +27 (0) 82 927 7337
Office: +27 (0) 31 765 2557
Web Access:
PGLD1030582 |
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#2
SOUTH
AFRICA - KWAZULU-NATAL - SOUTHERN
KWAZULU-NATAL – SOUTHBROOM:
R7.5mil |
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Beautiful
American Colonial Guesthouse
overlooking Golf Course
This architect-designed guesthouse
has been modelled on the gracious
American colonial style with
its large wraparound verandas
and white columns. It is set
in a secluded part of tranquil
Southbroom and is surrounded
by picturesque indigenous trees
and a well-kept garden.
It boasts 6 large air-conditioned
suites, each with its own entrance
and private balcony. The guest
lounge is an inviting room,
with colonial wing-backed wicker
chairs – ideal for relaxing
in whilst overlooking the peaceful
garden and the golf course beyond.
The guesthouse is becoming popular
as a wedding and special event
venue and can cater for up to
50 guests seated.
Owner’s accommodation
consists of an en-suite bedroom,
lounge, dining room, kitchen
and study on the first floor.
Additional Building(s)
& Living Areas:
Owner’s accommodation:
Beds: 1, Baths: 1, Kitchens:
1, Lounges: 1, Dining Rooms:
1
Contact
Corinne Lategan
Email: corinne.lategan@pamgolding.co.za
Cell: +27 (0) 82 789 1915
Ian Bannerman
Email: ian.bannerman@pamgolding.co.za
Cell: +27 (0) 82 927 7337
Office: +27 (0) 31 765 2557
Web Access:
PGLD1042442 |
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#3
SOUTH AFRICA - WESTERN CAPE
- GARDEN ROUTE – CALITZDORP:
R5.5mil |
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5-Star
Gentleman's Estate
Overlooking the little town
of Calitzdorp on Route 62, this
country house offers spectacular
views across a fertile valley
of vineyards and orchards to
the majestic Swartberg Mountains
beyond.
A double storey house situated
on 1.9ha, extravagantly furnished
with antiques, Persian rugs,
special fabrics and original
art, is serendipitously situated
at the heart of the Klein Karoo’s
world-class tourist attractions.
Features of this property include:
• 5 individually decorated
luxurious bedrooms, with voluptuous
bathrooms
• A formal
dining room catering for up
to 30 diners
• A
spacious lounge which seats
up to 16 guests
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A saltwater swimming pool with
a shady gazebo
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A separate pantry
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A well-stocked wine cellar
• A large storeroom
• A separate laundry room
and staff bathroom
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Garage large enough for 3 cars
• Fully-developed garden
with irrigation
An owner’s cottage features
a double bedroom, bathroom,
lounge and kitchen.
Property Size:
1.9 Hectares
Building Area Size:
253m²
Contact
Ling Dobson
Email: ling.dobson@pamgolding.co.za
Cell: +27 (0) 83 252 2112
Deborah Scott
Email: deborah.scott@pamgolding.co.za
Cell: +27 (0) 72 731 8188
Jennifer Niksch
Email: jennifer.niksch@pamgolding.co.za
Cell: +27 (0) 83 709 0932
Office: +27 (0) 44 382 5574
Web Access: PGLK1042394 |
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#4
SOUTH AFRICA - WESTERN CAPE
- CAPE TOWN METROPOLITAN - WESTERN
SEABOARD - BLOUBERG – BLOUBERGSTRAND:
R4.95mil |
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4-Star
Guesthouse
Four-star guesthouse situated
at one of the most beautiful
beaches on earth, Bloubergstrand,
a coastal village on the scenic
west coast of Cape Town.
The guesthouse is located on
the highest hill in Blouberg
and boasts breath taking views
of Table Mountain and Cape Town.
The guesthouse is situated within
walking distance to the beach
and restaurants.
Accommodation offers 5 tastefully
decorated guest apartments each
with separate entrances. The
5 spacious guest apartments
are all equipped with the following:
•
Bedroom
• Bathroom
• Living room
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Satellite TV
• Kitchenette with eating
counter
• 2 of the apartments
have stunning sea views and
a spacious patio
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2 apartments are located in
the garden with patios
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1 apartment has sea views from
the patio only
• Communal
roof patio with an uninterrupted
view of the ocean and Cape Town
• Beautiful large garden
with big swimming pool and barbeque
facilities
• Secure parking consists
of 6 parking bays for guests
plus double garage
Owner/ manager’s accommodation
consists of a lounge, bedroom,
laundry and bathroom. Bloubergstrand
is a very popular tourist destination
and high occupancies are possible.
This is a perfect opportunity
to enjoy an ultimate lifestyle
with additional income.
Property Size: 1000m²
Building Area Size:
377m²
Additional Building(s)
& Living Areas:
Owner’s accommodation:
Beds: 1, Baths: 1, Lounges:
1
Self-Catering Units
Contact
Peter Bruil
Email: peter.bruil@pamgolding.co.za
Cell: +27 (0) 83 384 0584
Office: +27 (0) 21 852 5155
Web Access: PGLAG1040593 |
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#5
SOUTH AFRICA - EASTERN CAPE
- PORT ELIZABETH – WALMER: R7.95mil |
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Exclusive
New Release
Investment and lifestyle opportunity,
located in the upmarket and
tranquil suburb of Walmer, is
this successful establishment
offering guests luxury accommodation
and conferencing facilities.
• Bedrooms: 12
• Bathrooms: 12
Property Size:
4157m²
Building Area Size:
1000m²
Direction:
North facing
Additional Building(s)
& Living Areas:
Owner’s accommodation:
Beds: 2
Contact
Louis van Niekerk
Email: louis.vanniekerk@pamgolding.co.za
Cell: +27 (0) 82 787 4444
Office: +27 (0) 41 373 0953
Web Access:
PGLP1029470 |
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#6
SOUTH AFRICA - MPUMALANGA –
ERMELO: R16.5mil |
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High
Occupancies and High Yield
This guesthouse resides on 2 properties
adjacent to one another in the quiet
suburb of Ermelo, Mpumalanga. The
CBD and most of the popular restaurants
in town are located within walking
distance.
The guesthouse is geared towards both
the business and leisure markets.
This establishment offers 4-star luxury
accommodation in 40 en-suite rooms
equipped with coffee and tea making
facilities, DStv, bar fridge, ceiling
fan, heater, electric blanket, hair
dryer and gowns.
Guests can enjoy facilities such as:
• Gym and fitness
centre
• Sauna
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Indoor heated swimming pool
•
Bar
• Braai facilities and
entertainment area with pool table
and darts
• Relaxation room
with complimentary coffee bar
• Large dining area seating
up to 40 guests
• Beautifully
appointed lounges and relaxation areas
• Well-kept garden with allocated
relaxation areas
This establishment offers a fully-equipped
conference facility, which can accommodate
up to 50 delegates, as well as an
executive boardroom seating up to
12 delegates. The property has good
security with ample undercover parking
available to guests; and there is
also separate manager’s accommodation
on the property.
This is an excellent opportunity to
benefit from this very successful
and well-established guesthouse.
Property Size: 3808m²
Additional Building(s) &
Living Areas:
Manager’s accommodation: Beds:
1
Contact
Peter Bruil
Email: peter.bruil@pamgolding.co.za
Cell: +27 (0) 83 384 0584
Office: +27 (0) 21 852 5155
Web Access: PGLAG1043491 |
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| Monterey, 12-14 Klaassens Road, Bishopscourt,
Cape Town, 7708, South Africa |
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