Home Travel News & Insights RESIDENTIAL OR COMMERCIAL PROPERTY REINVESTMENT: Luxury on the Waterfront: Cape Town’s Table Bay Hotel to close for R1bn remodelling

RESIDENTIAL OR COMMERCIAL PROPERTY REINVESTMENT: Luxury on the Waterfront: Cape Town’s Table Bay Hotel to close for R1bn remodelling

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Cape Town's high-end Table Bay is set to go through a R1-billion revamp, which will require its rebranding as the InterContinental Table Bay Cape Town.

The reconditioned hotel is because of close in February 2025, with a relaunch date awaited towards completion of the 4th quarter of the year, or early in 2026.

Introduced in 1997 by the V&A and opened by Nelson Mandela, the Table Bay was run under licence by Sun International. Sun International had actually been approved a 25-year lease, which ended throughout Covid.

Placed as one of the city's most prominent hotels, throughout the years it has actually hosted presidents, popular organization individuals, stars and other dignitaries.

Sun International will continue to handle the hotel, while the branding will come from the InterContinental Hotels Group (IHG) Hotels & & Resorts, a leading British-headquartered global hotel group. The Waterfront owns the home.

Haitham Mattar, handling director for India, Middle East & & Africa at IHG Hotels & & Resorts, stated in a business declaration that the advancement marked a substantial chapter for them in the African market.

The group is considered to be the world's very first high-end hotel brand name.

Established in 1946, the IHG was as soon as a department of Pan American Airways when its very first hotel was opened in Brazil. IHG Hotels & & Resorts has actually broadened its portfolio from 11 to 19 brand names, with 6,383 hotels and 946,382 visitor spaces in more than 100 nations.

It now runs a variety of brand names such as InterContinental, Crowne Plaza, Staybridge Suites, Candlewood Suites and Hotel Indigo.

Huge market gamer

Today it is the second-largest gamer in the market by space and hotel count.

It likewise has among the world's biggest hotel commitment programs — the IHG One Rewards, with more than 130 million members.

Mattar stated it was an advantage to bring among Cape Town's cherished homes under the InterContinental brand name.

“With its abundant history, picturesque area, and a tradition of quality, this renowned home completely embodies the essence of the InterContinental brand name, and we are delighted to deal with V&A Waterfront and Sun International on preserving its tradition.”

V&A Waterfront CEO David Green informed Daily Maverick that they had actually wished to bring a strong worldwide brand name to the Waterfront.

Required refurbishing

Location-wise, it has the finest view of the mountain and sea, however the hotel required a refurbishing. After nearly 30 years, the Table Bay's spaces and day spa will be totally revamped, the swimming pool extended, brand-new signature dining establishments presented and the tech reconditioned. This will consist of air-conditioning and fire security enhancements.

He stated while Cape Town punched above its weight and ranked in the leading 5 to 10 cities worldwide, worldwide visitors anticipated to gain from commitment plans, which the brand name is popular for amongst company and leisure tourists.

Learn more in Daily Maverick: V&A Waterfront: consuming itself, a greedy bite at a time

Sun International's primary operations officer Graham Wood stated they would be handling the hotel for the Waterfront– to increase success and consumer experience– since the group has the tested competence.

The hotel will include 306 spaces (minimized from 329 to make area for more suites), consisting of 45 brand-new visitor suites, a brand-new raised swimming pool bar and balcony, a signature health spa, and an Intercontinental Executive Loyalty Club Floor and Lounge. DM

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