Recently Acquired Cape Grace Hotel to Transition to Cape Grace Fairmont
Featuring an extraordinary location, on the vibrant V&A Waterfront, between an international yacht marina and the working harbour, with the breath-taking Table Mountain as a backdrop, the Cape Grace Hotel will transition into a fully branded Fairmont property by end of 2023 ("Cape Grace by Fairmont"). The property has recently been purchased by Kasada Hospitality Fund LP ("Kasada"), the leading independent real estate private equity platform dedicated to hospitality in Sub-Saharan Africa.
Guests staying at the hotel can choose to stay at one of its 120 luxurious rooms, take advantage of two Food & Beverage outlets, enjoy the diverse vibrant tourist attractions available at the V&A Waterfront, located a short walking distance from the hotel, or take in the relaxing and private surrounding offered by the undisturbed ocean view from the property.
"We are noticing a real momentum in South Africa for luxury hotel brands, and we couldn't think of a more iconic hotel than Cape Grace to establish our footprint in the country", says Mark Willis, CEO of Fairmont Hotels & Resorts. "The world-class service of the brand combined with the unique location and unparalleled level of luxury the Cape Grace Hotel will be featuring, offers the promise of an unforgettable experience to any guest or visitor coming into the property."
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
