Try GOLD - Free
Sea Point's Ritz Hotel could soon be in new hands
Cape Argus
|June 20, 2025
LOCATED on the popular Atlantic Seaboard, the Ritz Hotel Cape Town is on the brink of being sold to a Dutch or French company for R240-300 million
Bruce Hendricks, managing director of Hendricks Harmse Attorneys, one of the representatives of the owners and whose company is managing the Ritz Hotel building, confirmed they were deep in negotiations for the sale, with some i’s to be dotted and some t’s to be crossed.
“Depending on the final stages of these negotiations, the sale could go through by next Friday,” he said.
Hendricks could not confirm the amount the owner had accepted for the sale nor with whom they are negotiating. There are still some final issues being negotiated and that would be the deciding factor on whether the building will put up a “sold” sign next Friday.
This story is from the June 20, 2025 edition of Cape Argus.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Cape Argus
Cape Argus
QUICK READ
CUB ADOPTED
1 min
December 18, 2025
Cape Argus
Stricter measures needed to protect seabirds from oil spills
MARINE conservationists have called for stricter measures in protecting seabirds after a new research paper has underscored how ship-to-ship (STS) fuel transfer impacts on aquatic life in Algoa Bay.
2 mins
December 18, 2025
Cape Argus
Protests over bill that could slash former president's jail sentence
BRAZIL'S Senate was yesterday set to begin debating a bill passed by the lower house of Congress that could slash the jail term of former president Jair Bolsonaro, a move that sparked nationwide protests over the weekend.
2 mins
December 18, 2025
Cape Argus
Fifa unveils 'supporter entry tier' tickets amid backlash
FIFA World Cup organisers unveiled a new cut-price ticket category on Tuesday after a backlash by fans overpricing for the 2026 tournament in the US, Canada and Mexico.
2 mins
December 18, 2025
Cape Argus
Here's hoping for politicians with a sense of decorum
AT A TIME when New Year's resolutions are flying left, right and centre, what is the possibility that some of our politicians will do some introspection and commit to dignified, morally and ethically upstanding conduct in 2026 and beyond?
1 mins
December 18, 2025
Cape Argus
WC battles more than 50 000 TB cases a year
EVERY year, tuberculosis continues to plague tens of thousands of residents in the Western Cape, revealing a dire public health crisis that shows no signs of abating.
1 mins
December 18, 2025
Cape Argus
DJ Warras' murder puts spotlight on crime, policing
GUNNED DOWN
2 mins
December 18, 2025
Cape Argus
Aphrodite dancers shine at competition
THIS year, 11 dancers from Aphrodite Bellydance Studio competed at the Western Cape Colours competition, earning the coveted Western Cape Colours, marking a major achievement for both the dancers and the studio.
2 mins
December 18, 2025
Cape Argus
Al development and regulation
\"AI IS a new infrastructure for the development of humanity,\" said Kristina Amor Maclang, Secretary General of the International Digital Economies Association (IDEA) and organiser of Digital Asean projects.
2 mins
December 18, 2025
Cape Argus
Who took flight and who faltered in the PSL in 2025
AS 2025 draws to a close, the Premiership table reflects a season of highs, lows, and surprises.
7 mins
December 18, 2025
Listen
Translate
Change font size