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Sea Point’s Iconic Ritz Hotel About To Be Sold For Between R240 And R300 Million – 2oceansvibe News

Summary by 2oceansvibe.com

Its Art Deco-influenced design and prime location just a stone’s throw from the Atlantic Ocean made it a staple of Sea Point’s once-glitzy hotel strip.

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2oceansvibe.com

Sea Point’s Iconic Ritz Hotel About To Be Sold For Between R240 And R300 Million – 2oceansvibe News

Its Art Deco-influenced design and prime location just a stone’s throw from the Atlantic Ocean made it a staple of Sea Point’s once-glitzy hotel strip.

2 days ago

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Historic Cape Town hotel reportedly sold for R240 million

The iconic Ritz hotel in Sea Point, a standout on Cape Town’s Atlantic Seaboard, had lost its former glamour in recent years. In 2018, developers undertook major renovations and prepared to reopen the hotel with great fanfare. However, the Cape Town High Court halted those plans, ruling that the management company occupying the building had failed to pay the required fees to Ritz Plaza, the property’s owner. At the height of its popularity, the …

3 days ago

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