Profile In The Mail & Guardian

All about Marc and The Capital Hotels & Apartments

See article here.

Johannesburg-born Marc Wachsberger, 38, was a chartered financial analyst working in mergers and acquisitions when he noticed a disconnect in the local property market: hotel rooms were overpriced and residential apartment leases were cheap. What’s more, hotels were wasting money on things that business travellers didn’t care about, but not offering the things that they really wanted.

Inspired by these blatant market inefficiencies, Wachsberger started The Capital Hotels and Apartments in 2008 by leasing apartments, furnishing them to a high standard and sub-letting them on a per-night basis to compete with the hotel sector. He did everything himself at first, from negotiating leases to being the porter – giving him hands-on experience at every level, which still stands him in good stead.

By introducing cost-effective frills-free apartment-style and regular hotel-format accommodation tailored to suit business and family travel needs, Wachsberger has offered the local market and travellers from abroad a refreshing alternative to the staid status quo.

The group has just opened its twelfth hotel in Melrose’s hip and happening precinct, and employs more than 500 people across Sandton, Melrose, Menlyn, Rosebank, Cape Town and Umhlanga. With aggressive plans to open two hotels a year for the next five years, Wachsberger’s growth strategy flies in the face of conventional caution typical of the currently constrained property market.

Taking Stock on eNCA - The Capital Hotels & Apartments 6

Taking Stock on eNCA with Bruce Whitfield

If you missed the TV interview with Marc, catch it here. Focusing on the Zimbali announcement, 15 on Orange, acquiring distressed hotel assets and The Capital’s ability to expand its portfolio during hard times.
BRUCE WHITFIELD 702 INTERVIEW - The Capital Hotels & Apartments 7

Zimbali and our aggressive growth strategy

Interview with Bruce Whitfield on 18 March 2021 about Zimbali and our aggressive growth strategy during tough times.
Fairmont Zimbali Resort 555x255 1 - The Capital Hotels & Apartments 8

New acquisitions and growth during a pandemic with Moneyweb

Marc Wachsberger looks to capitalise on distressed hotel assets North Coast’s iconic Fairmont Zimbali Hotel enters business rescue. The Capital Hotels & Apartments Group, founded by hospitality industry entrepreneur Marc Wachsberger, has emerged as the preferred...
THE CAPITAL Loadshedding Offer1 - The Capital Hotels & Apartments 9

Load Shedding Sorted. We’ve Got Your Back

Keep connected & don't miss a beat when the lights go out. With all the planning & expense that goes into a trip, the last thing you need to worry about is sitting in a dark room, hungry & with no Wi-Fi. Nightmare! The great news is that at The Capital, we...
Marc Wachsberger The Capital Hotel SABC NEWS - The Capital Hotels & Apartments 10

Investor opportunities in the hospitality industry in South Africa

This week our leader was interviewed on SABC at Park. He discussed investment opportunities, our group and how we’ve survived the tough times.

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