Tsogo Sun has reached agreement with the owners of the site of the recently demolished Tulip hotel for the construction of an exciting new 500 bedroom hotel complex in Cape Town city centre on the corner of Buitengracht and Strand Street, for a total investment of R680 million.
โWe believe the continued development and rejuvenation of Cape Townโs city centre will lead to growing demand for hotel accommodation. We already operate three full service hotels โ The Cullinan, Southern Sun Waterfront and Southern Sun Cape Sun โ as well as the recently refurbished SunSquare Cape Town in Gardens and believe the addition of an exciting new product aimed at the limited service market will allow us to provide the full spectrum of products to suit all budgets for both business and leisure travellers,โ says Tsogo Sun CEO Marcel von Aulock.
The new hotel will consist of two products in one complex, a 200 bedroom state-of-the-art SunSquare hotel and a 300 bedroom new generation StayEasy hotel, offering a choice of affordable and stylish accommodation.
Included in the complex will be banqueting and conference facilities, Tsogo Sunโs trendy and fast growing casual dining offering Vigour & Verve, retail space and approximately 300 underground parking bays. The hotel site currently includes a heritage faรงade which will be retained.
โThis investment represents our continued commitment to the area and brings the total number of Tsogo Sun rooms in the Cape Town city centre to over 2 000, which is very substantial indeed,โ adds von Aulock.
Construction is expected to begin in May 2015 and to be completed by September 2017, in time for peak summer tourist season.
