मैगज़्टर गोल्ड के साथ असीमित हो जाओ
9,500 से अधिक पत्रिकाओं, समाचार पत्रों और प्रीमियम कहानियों तक असीमित पहुंच प्राप्त करें सिर्फ
कोशिश गोल्ड - मुक्त
This is how much Oku Hotels paid for Ritz
Cape Argus
|September 18, 2025
OKU Cape Town forked out R368 million to acquire the iconic Ritz Hotel in Sea Point: a building condemned and declared unfit for humans a few years back.
While so many numbers had swirled around, leaving it at anything between R240-300 million, registration records show the building exchanged hands at a much higher R368m.
The international Oku Hotels group — known for its mainly adults-only laidback luxurious hotels - is likely to retain the 23-storey building and local developers say this makes sense as it is unlikely the city will ever again allow such high rises in the area.
Piers Bradley, CEO of OKU Hotels, said it would honour the building's heritage while “introducing our signature blend of hospitality and lifestyle concepts, from serene spa rituals to vibrant dining and lifestyle spaces”.
यह कहानी Cape Argus के September 18, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 9,500 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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