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International hotel group buys Sea Point's Ritz Hotel
Cape Argus
|June 27, 2025
AFTER much speculation, the deal has been closed and the Ritz Hotel Cape Town has been sold to an international hotel group.
The group is OKU Hotels, confirmed Bruce Hendricks, managing director of Hendricks Harmse Attorneys, one of the representatives of the former owners and whose company is managing the Ritz Hotel building.
OKU Hotels has luxury top-end hotels in Ibiza and Kos and is known for their design.
The brand is inspired by the Japanese concept of “inner space” and aims to provide a space for modern travellers to relax and reconnect with themselves.
The negotiations went on for a long time, with some final issues to be finalised before it was done and dusted yesterday.
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