By Wesley Cowan, Managing Director of Galetti Auction
Hout Bay, just a scenic half-hour drive from Cape Town, is a haven of majestic mountains, leafy trails, and a relaxed, coastal vibe. Despite being a popular spot for foodies and tourists, the seaside village is home to just four hotels.
Now, one of these exclusive establishments – The Berg Manor – is up for grabs and will be sold on auction by Galetti Corporate Real Estate. Located at 25 Park Avenue, Hout Bay, the premium boutique hotel boasts breathtaking mountain and sea views and is set to attract a large pool of hungry bidders from South Africa and abroad.
Recently developed and furnished with top-of-the-line amenities, The Berg Manor offers a seamless transition for its new owner, just in time for the lucrative summer tourist season. Additionally, it presents a unique family compound opportunity, making it perfect for a family looking to own a piece of paradise.
Hout Bay Hotel on Auction
The Western Cape’s Tourism Resurgence
The 2023 summer tourist season shattered records, with international arrivals at Cape Town Airport surpassing pre-COVID-19 levels. The local hospitality industry, though hard-hit by the pandemic, is bouncing back with a 20% year-on-year increase in visits to key attractions.
Recovery is also evident in the accommodation occupancy rates for hotels in Cape Town and surrounds during this period. Global analytics firm CoStar reports that occupancy levels during the first quarter of 2024 reached 73.5% – higher than 2023 levels of 67.1%. Rising demand has seen even the most ordinary hotels in Cape Town hike their daily room rates by an average of 37%, according to CoStar.
While the gains made during the recent tourist season are promising, demand for well-placed accommodation in the area extends year-round. An uptick in digital nomads, local tourism, and ongoing semigration to the Western Cape signals a promising future for well-placed accommodations.
A Hidden Gem in a Booming Market
Hout Bay Hotel on Auction
As one of only four hotels in Hout Bay, The Berg Manor represents a bespoke hospitality experience – designed to be remembered long after check-out – in a highly sought-out and picturesque location.
The property features five luxury ensuite suites, four two-bedroom and one one-bedroom self-contained villas, and a romantic tree cottage, making it ideal for investors in the boutique hotel industry.
Amenities include a professional kitchen, multiple swimming pools, two restaurants, conference facilities, spa services, and lushly landscaped gardens, with the property spanning 2,162m2.
The benefits of investing in a boutique hotel include lower running costs, as well as a greater degree of control over staff interactions and the entire experience, making this the ideal opportunity to establish a foothold in Cape Town’s vibrant tourism market.
Place Your Bid at The Capital Hotel on 22nd August
With high returns consistently shown in the Western Cape’s tourism sector, Hout Bay presents an unsaturated market ripe for capital investment. The Berg Manor is ideally positioned to compete with renowned nearby hotels like Tintswalo Atlantic and the Twelve Apostles, especially given the lack of well-appointed conferencing facilities in the area.
Don’t miss your chance to own a slice of paradise in one of Cape Town’s most sought-after locations. Mark your calendar for 22nd August 2024, and prepare for the auction of a lifetime.
Hout Bay Hotel on Auction
