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Residential Property
DEMAND GROWS FOR CAPE TOWN HOTEL PENTHOUSES
30 June 2009: Despite the current global economic climate, the demand for hotel penthouse suites in Cape Town is steadily growing as wealthy investors opt for secure and hassle free living in a city that is increasingly being compared with international coastal destinations such as Monte Carlo and Miami.
This is according to David Solomon, Chairman of Solomon Brothers Property Holdings and developer of Pepper Club - a R400 million five-star luxury Cape Town hotel residence and spa due for completion in February 2010. Once completed, the hotel will feature one of the largest and most luxurious penthouse suites in the city to go with its state of the art fitness centre and spa, private movie theatre, 24-hour security and concierge service, undercover parking and a serene palm tree-lined courtyard.
“Luxury hotel penthouses are particularly enticing as they offer services and amenities, security, specialised services and accessibility that a standalone house cannot,” says Solomon.
Recently the One & Only Hotel’s penthouse in the Waterfront fetched a price of R110 million - a record sale for single residential property in South Africa.
Solomon says that with a far more modest price tag of R18 million, Pepper Club’s penthouse offers a more reasonably priced and enticing value proposition. Positioned on the 19th and 20th floors of the hotel, the penthouse offers one of the most spectacular 360 degree views of the city, mountain and the ocean. The suite is approximately 750 m² and features four en-suite bedrooms, a sundeck, private pool and outdoor bar and entertainment area. Additional penthouse services include a personalised concierge, butler and housekeeping service.
He adds that the Pepper Club’s location, which is adjacent to the vibrant Long Street with its boutique shops and cosmopolitan night life, provides guests and residents with a springboard to all the attractions that the city has to offer.
According to Solomon, enquiries about Pepper Club’s penthouse have already been received from local and international businessmen and celebrities.
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