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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|Hyprop Investments|Hyde Park|R190-million Southern Sun Hotel|Southern Sun Hotel|The Glen Mall|Product|John Van Rooyen|Mike Rodel|FIFA World Cup
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cape-town|johannesburg|hyprop-investments|hyde-park|r190-million-southern-sun-hotel|southern-sun-hotel|the-glen-mall|product|john-van-rooyen|mike-rodel|fifa-world-cup
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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)
 
 
 
 
 
 
 
 
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