V&A Waterfront set to invest R380m in new hotel
The V&A Waterfront, in Cape Town, will invest R380-million in the construction of a new Radisson Red hotel, in its Silo District.
Developed and funded by the V&A Waterfront, the 235-room hotel, which would open by end-2016, would also mark the first of its kind in Africa, Europe and the Middle East.
V&A Waterfront CEO David Green said: “A concept as fresh, exciting and innovative as Radisson Red will perfectly complement the existing hotel offering at the V&A Waterfront and will be well received by visitors.”
Nestled between the Zeitz Museum of Contemporary Art Africa and the office and housing developments that comprised the Silo District, the Radisson Red would be “tech and design savvy”, relevant and pragmatic, and focus on creating an experience that is truly guest-centric.
Developed in partnership with international hotel group Carlson Rezidor, Radisson Red was a new upscale lifestyle select brand in the group’s portfolio, and was “perfectly suited” to the V&A Waterfront.
The Radisson Red would straddle the three- and four-star segments.