LOOK: R1 billion Cape Town hotel set to be completed in 2026
The 'super luxury' hotel is one of the most expensive hotels built in South Africa since the turn of the century.
Cape Town is a beautiful hub known for being home to expensive and luxurious properties.
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Nine out of the 10 most expensive suburbs in the country are in Cape Town. Think Clifton, Camps Bay and Llandudno.
The V&A Waterfront is also known for being a luxurious area where you can shop until you drop.
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Now, joint owners Growthpoint Properties and the PIC are pumping more money into a Cape Town leisure development.
They have released renders of a new Quay 7 hotel that will be built in the V&A Waterfront precinct.
The building is currently under development, and according to Moneyweb, this project makes it one of the most expensive hotels built since the 1900s.
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Growthpoint Properties has confirmed the hotel's current timeframe, although they have been very secretive about sharing full details on the development and which international brand will operate the hotel.
Moneyweb first reported in 2024 that it could be the Edition Hotel, "part of US-based hotels and leisure giant Marriott International’s new “super luxury” or 6/7 star ‘designer lifestyle’ offering".
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V&A Waterfront CEO David Green and other officials have said they cannot comment at this stage of the development.
According to a broader V&A Waterfront development presentation that Moneyweb has seen, the hotel will be a “contemporary luxury lifestyle hotel”. It is located on Quay 7 and will be owned by the V&A Waterfront but operated under an international management agreement.
The company has confirmed that the cost is around R1-billion.
The hotel is set to have 142 keys and six serviced apartments, and international architects are working on a unique design incorporating a Scandinavian look.
Since the development is set for fewer than 150 keys and apartments, this highlights that it is a luxury project.
See pictures below of the development and rendering of the new Quay 7 project:
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Main image courtesy of Ash Muller/Growthpoint