http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.84Change: 0.20
R/$ = 10.93Change: 0.11
Au 1237.21 $/ozChange: -7.53
Pt 1259.00 $/ozChange: -11.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Dec 04, 2009

Hyprop, Southern Sun bullish on the 
post-recession prospects for Hyde Park hotel

Back
Southern Sun operations director John van Rooyen discussing the Hyde Park Southern Sun. 04.12.2009 Cameraperson: Nicholas Boyd. Editing: Darlene Creamer.
Cape Town|Johannesburg|Design|Hyprop Investments|Hyde Park|R190-million Southern Sun Hotel|Southern Sun Hotel|The Glen Mall|Product|John Van Rooyen|Mike Rodel|Operations|FIFA World Cup
|Design|||||Operations|
cape-town|johannesburg|design|hyprop-investments|hyde-park|r190-million-southern-sun-hotel|southern-sun-hotel|the-glen-mall|product|john-van-rooyen|mike-rodel|operations|fifa-world-cup
© Reuse this



The R190-million Southern Sun hotel, at the upmarket Hyde Park shopping centre, in Gauteng, has strengthened the centre’s premier 
brand position, says Hyprop Investments CEO
Mike Rodel.

In 2008, Southern Sun entered into a joint venture with Hyprop Investments to build this upmarket four-star hotel.

Hyprop will manage the hotel, which forms part of its broader 
expansion strategy. Southern Sun believes that the hotel is an exciting addition to its existing portfolio.

Economic Crisis

“We opened the hotel at the worst time of economic crisis and we welcome the new gross domestic product figures for the last quarter, which indicate that the recession is over. We are going to maximise occupancy for the 2010 FIFA World Cup,” Rodel said during a media visit last month.

He added that the company was still confident of the initial yield of 11% that the hotel was expected 
to generate.

The hotel formed part of Hyprop Investments’ R810-million expansion plan, which includes the R370-million expansion of The Glen mall, south of Johannesburg, and the R250-million Canal Walk, in Cape Town.

“The Glen is now complete and fully let. It is trading beyond our expectations,” said Rodel.

With its contemporary design, the 132-room Southern Sun hotel offers a welcome addition to the growing demand for upmarket 
accommodation.

Southern Sun operations direc-
tor John van Rooyen said the com-
pany had seen an unprecedented 
increase in demand for high-quality hotel rooms, particularly in the Sandton area, where demand 
for more hotel beds was on the 
increase. “The Sandton and north-
ern Johannesburg area has become 
a much-desired destination.”

Edited by: Martin Zhuwakinyu
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Construction News
Updated 2 hours 19 minutes ago Emerging economies did have the ability to overcome the current difficult economic conditions and slow growth forecast, Brazilian Ambassador Carneiro De Mondonça said on Thursday. Speaking at the South African Chamber of Commerce and Industry (Sacci) 2014 Convention,...
Government aimed to fast-track certain “fast-growing” infrastructure programmes, despite cutting back on expenditure over the next few years, the 2014 Medium-Term Budget Policy Statement (MTBPS) revealed on Wednesday. The MTBPS, released by new Finance Minister...
Andrew Parsons
Despite several real estate investment trusts (REITs) extolling the virtues of portfolio diversification, Resolution Capital Australia MD Andrew Parsons has cautioned against this strategy, advising trusts to rather simplify and specialise their asset portfolio....
Article contains comments
More
 
 
Latest News
Finance Minister Nhlanhla Nene
Updated 1 hour 20 minutes ago Economists saluted Finance Minister Nhlanhla Nene for containing state spending and debt in his first medium-term budget on Wednesday, but opposition parties faulted him for not doing more to stem waste. Wits economist Dr Kenneth Creamer said that with growth lagging...
Updated 2 hours 14 minutes ago Emerging economies did have the ability to overcome the current difficult economic conditions and slow growth forecast, Brazilian Ambassador Carneiro De Mondonça said on Thursday. Speaking at the South African Chamber of Commerce and Industry (Sacci) 2014 Convention,...
Updated 2 hours 24 minutes ago Relevant government departments and solar industry stakeholders represented by the South African Photovoltaic Industy Association (Sapvia) are due to meet next week in Kimberley, in the Northern Cape, to decisively bed down an industry “master plan” that would guide...
More
 
 
Recent Research Reports
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
 
 
 
 
 
This Week's Magazine
The broad-based black economic-empowerment (BBBEE) alignment process in the con-struction sector has begun, dur-ing which the sector codes of the Construction Sector Charter Council (CSCC) will be aligned with the revised Codes of Good Practice (CoGP), which come...
It is second time lucky for Toby Venter. Ten years ago he negotiated to buy the Kyalami racetrack, but “the deal did not materialise”.
Environmental solutions company I-Cat started construction work on its R22-million, 1 949 m2 environmentally sustainable office and warehouse facility, commissioned by I-CAT Environmental Solutions, at a launch event in October. The new sustainable I-CAT campus,...
IAN EVANS AirWatch file synchronisation and sharing system was initially designed for a large airline company
Effective file synchronisation and sharing across an organisation’s structures can provide the basis for robust mobile-device and document management while maintaining proper backup, version control and content distribution. These are the lessons learned by complex...
Hotel group Carlson Rezidor currently holds the largest hotel pipeline in Africa with 30 hotels and 6 300 rooms under development. The hotel group develops and operates Radisson Blu in the upper upscale segment and Park Inn by Radisson in the mid-market segment. With...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks