investing in
quality assets
quality assets
The Table Bay Hotel
GPI's effective stake: 33,52%
The Table Bay is 100% owned by SunWest, and accordingly, GPI’s effective stake also amounts to 33,52%
This luxury 5-star hotel situated on the Foreshore in Cape Town at the V&A Waterfront straddles the antique breakwater and is a contemporary architectural treasure. It boasts 329 rooms, three restaurants, a pool, gymnasium, health spa, conference facilities, chauffeur service and underground parking.
It is a SunWest asset that has shown remarkable performance in the buoyant inbound tourism market. Its 2008 financials show an increased average room occupancy of 74% (2007: 72%) with an average room rate of R1 739 per room (an increase of 12% on 2007).