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Marc Wachsberger CEO talks acquisitions and new builds

Looking ahead to exciting times.

 

We can all be glad to have survived the past year through unbelievably difficult circumstances. As a team, we are truly grateful for your continued support that has kept our doors open and our staff employed.

As a brand that is built on resilience, fortitude and adaptability, one of our core values is to find opportunities during the downturns.

The Capital Hotels and Apartments has built its portfolio of hotels by investing in the market at times when others would not, by identifying distressed properties to add depth and value to our mix of business and leisure offerings.

Zimbali Acquisition

We have acquired from business rescue the iconic Fairmont Zimbali Resort on KwaZulu Natal’s North Coast, with the deal likely to be completed once conditions precedent, including the Competition Commission’s approval having been met.

As part of the acquisition, we will be retaining the employment of the approximately 140 existing employees as well as investing over R40 million in upgrades for this iconic hotel.

We hope to open doors in November 2021 and we are already taking bookings from December 2021 onward.

Here’s a sneak peak of our new bar forming part of the fully renovated main restaurant…

15 on Orange Lease to Acquire 

We have signed a lease with an option to acquire another iconic hotel, 15 on Orange in Cape Town where we will invest R15 million on renovating the hotel to highest standards including the introduction of apartments into the hotel mix.

We will open doors on 15 August 2021 and although trading in Cape Town is tough with limited international travel, we are totally sure that this hotel will buck the tough trend as a unique and newly renovated incredible offering for Cape Town.

Here’s a sneak peak of a private bar “pod” room:

New Build – Nelspruit

The Capital Hotels and Apartments also has a brand new a new property currently under construction in Nelspruit, Mpumalanga.

This hotel will open 1 December 2021.

No sneak peaks here. You will have to see it yourself!

More details to follow…

La Famiglia – Our Family Pays Less. Always.

We are excited by how well La Famiglia has been received, even in its early stages.
We believe it’s a world first that gives corporates access to a fixed contracted price and a discounted price on even our lowest online rates.

In these tough travelling times, getting an instantly discounted corporate rate is ever more applicable.

For our consumers, we also guarantee the lowest price with up to an instant 20% off. Joining is fast and simple, just give us your contact details.

 

As a team we are rolling up our sleeves and have put in the work to ensure the best stay experience at The Capital.

We look forwarding to welcoming more of you, as travel opens ups.

Stay safe and kind regards,

Marc Wachsberger
CEO

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Our family gets up to 20% Off

We’re not kidding. With us family comes first. Always.
We’re so serious about it that if you find a better rate anywhere else online,
not only will we match the price, we’ll also give you a free night on us.

Our family gets up to 20% Off

We’re not kidding. With us family comes first. Always. We’re so serious about it that if you find a better rate anywhere else online, not only will we match the price, we’ll also give you a free night on us.

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