The luxury 5-star Table Bay Hotel at the V&A Waterfront is set to get a R1 billion facelift and rebrand by the end of 2025.
Also read: 70% of V&A Waterfront to be powered by renewable energy in 2026
This is according to a joint statement released by the UK-based IHG, the V&A Waterfront and Sun International.
As reported by Moneyweb, The Table Bay Hotel is owned by the V&A Waterfront, which is jointly owned by Growthpoint Properties and the Public Investment Corporation on behalf of the Government Employees Pension Fund.
Since its opening in 1997, Sun International has managed the iconic hotel and will continue to manage it under InterContinental as the InterContinental Table Bay Cape Town.
The group already owns two properties in Johannesburg, at OR Tambo Airport and Sandton Towers. It is deemed to be the world’s first luxury hotel brand, Daily Maverick reports.
IHG used to be a division of Pan American Airways when it opened its first hotel in Brazil. Since then, IHG Hotels & Resorts expanded its portfolio from 11 to 19 brands, including 6 383 hotels and 946 382 guest rooms in more than 100 countries.
These days, it operates under InterContinental, Crowne Plaza, Staybridge Suites, Candlewood Suites and Hotel Indigo.
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Haitham Mattar, managing director for India, Middle East & Africa at IHG Hotels & Resorts, says it is a privilege to bring one of Cape Town’s iconic properties under the InterContinental brand.
‘With its rich history, scenic location, and a legacy of excellence, this iconic property perfectly embodies the essence of the InterContinental brand, and we are excited to work with V&A Waterfront and Sun International on maintaining its legacy.’
According to V&A Waterfront CEO David Green, the goal is to bring a strong international brand to the Waterfront. More than R1 billion will be allocated towards refurbishing and converting The Table Bay Hotel into an InterContinental Hotel.
‘It’s a substantial refurbishment. The hotel will be 27 years old by the time it closes,’ says Graham Wood, chief operating officer at Sun International.
‘The renovations will be according to certain brand standards and requirements as it will be an internationally branded modern-day luxury establishment.
Wood told Moneyweb that their lease expires at the end of February 2025.
‘Sun International was responsible for maintenance and capital expenditure. We paid rent as part of the lease agreement and the residual profit was for Sun International’s account.
‘In future, Sun International will earn management fees, while the profits will go to the V&A Waterfront,’ he added.
After nearly three decades, the hotel’s rooms and spa will be revamped, the pool extended, new signature restaurants introduced and technologies refurbished. This includes air-conditioning and fire safety improvements.
The number of rooms will be reduced from 329 to 306 to make space for more suites, including 45 new guest suites, a new elevated pool bar and terrace, a signature spa and an Intercontinental Executive Loyalty Club Floor and Lounge.
The Table Bay Hotel will be closed during refurbishment and will reopen around December 2025.
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Picture: Simphiwe Nkwali / Gallo Images
