Spear Reit to convert 15 on Orange hotel into hybrid accommodation
Spear Reit, a Western Cape landlord, will lease the hotel to Capital Hotels & Apartments Group with the option to buy it outright in two years
18 March 2021 - 19:16
UPDATED 19 March 2021 - 13:24
Western Cape-focused property group Spear Reit has clinched a deal with The Capital Apartments and Hotels Group, which will see its troubled 15 On Orange Hotel converted into hybrid accommodation.
The hotel, like many others globally, has struggled amid the pandemic as it could not operate during the hard lockdown from April to July 2020...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.