Development of 4-star Hotel Project in prime location,
Cape Town – Foreshore

Project description:

• Atrium 4-Star Hotel construction consisting of 208 rooms
• Basement: Use full coverage of site and provide 36 parking bays plus 11in tandem
• Ground Floor: Entrance, Restaurant, store room, kitchen
• First Floor: Rooms, conference area
• Second Floor: Rooms, Bar and possible pool area
• Third to Tenth Floor: U-shape building to optimise mountain view and economic footprint.

Estimated capital costs (incl. Land and improvements) R 193.0 Mill

Cape Town - Seeking Investor for opportunity in the
tourism sector:

Development of small to medium-sized upmarket 4-Star Boutique Hotel in prime location in near vacinity to World Cup 2010 Stadium. Construction is well under way and will be completed in January/February 2009. The Boutique Hotel consists of 40 suites. Management will be handled by well known established Hotel Group. Asking price at R 50.0 Mill.

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