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Summary
Hotel Sky has appointed CBRE Excellerate as its exclusive transaction advisor to present this opportunity to investors. Letters of Intent (LOI) are welcomed until noon, 4 October 2024. The owners will close the process should a satisfactory offer be received before the deadline on the 4th of October, 2024.
Hotel Sky delivers a premium experience for the discerning bleisure traveler, combining top-tier service with exceptional build quality. Each location is strategically chosen for its appeal, catering perfectly to modern business needs. Key Investment Highlights include:
- Strategic Location: Positioned in one of Africa’s key business hubs, the property offers an ideal blend of business and leisure, appealing to both business travelers and international tourists.
- Proximity to Key Landmarks: Hotel Sky Sandton is just 100 meters from the financial district and Sandton Convention Centre, a major venue for conferences and trade shows in Gauteng.
- Investment Flexibility: Available for acquisition with vacant possession, providing investors flexibility with the option to keep the current management team, engage an operator aligned with their strategic goals or explore mixed-use opportunities.
- Unique Branding: Hotel Sky offers a distinctive lifestyle brand with a high level of service, enhanced by professional management and innovative features like AI-powered robots.
- Modern Features: The hotel boasts state-of-the-art amenities, thoughtfully designed rooms, and advanced technology, enhancing the guest experience.
Location
Situation
Sandton’s Hotel Sky is a prime business location, ideally situated in the heart of Johannesburg’s financial district. Just steps away from the Gautrain Station and major corporate headquarters, it offers unparalleled accessibility and connectivity. This prestigious address is highly sought after by top-tier corporate and financial institutions, benefiting from continuous infrastructure development in the Sandton area. Key features include:
- Prime Location: Hotel Sky is strategically located at 150 West Street, occupying a prominent corner plot with direct access to major business hubs such as the Johannesburg Stock Exchange (JSE), Sandton Convention Centre, and Sandton City Shopping Centre on Maude Street.
- Safe and Accessible: The area is known for its safety and pedestrian-friendly environment, making it highly appealing to both business travelers and tourists.
- Vibrant Community: Sandton is celebrated for its exceptional culinary scene, local attractions, parks, and entertainment venues, contributing to a dynamic and engaging community atmosphere.
- Transport Connectivity: The property is just 500 meters from the Sandton Gautrain Station, providing fast and seamless transport to and from O.R. Tambo International Airport, as well as easy access to Rosebank, Midrand, and Pretoria.
- Maude Street and Financial Hub: The property’s entrance on Maude Street connects to the Sandton Convention Centre to the east and the JSE to the west, in an area often referred to as the richest street in Africa due to the presence of financial powerhouses.
Description
The hotel is located in a prestigious node characterized by predominantly A-Grade buildings, reflecting the high-quality construction and finishes of Hotel Sky. Catering to business travelers, the hotel offers two boardrooms, a meeting room, and a multi-purpose theatre, ideal for corporate events and seminars with customizable packages available.
Recognizing the demands of business, the hotel provides a range of amenities, including a spa, gym, and rooftop pool, offering guests the opportunity to relax and recharge after a busy day. Accommodations include a mix of standard rooms, family rooms, and executive suites, catering to various preferences, including those of less price-sensitive patrons.
The on-site specialty restaurant and bar provide all-day à la carte dining. Hotel Sky stands out with its unique offering, appealing to discerning travelers who expect the highest level of service, backed by years of experience.
The property’s exceptional build quality and meticulously chosen location make it highly sought after, creating a thoughtfully designed environment tailored to meet the needs of modern businesspeople. Well-located, with maximum exposure and high service standards, this hotel represents a prime investment opportunity.
