Grace Hotel closes, for now

2011-07-27 09:41

The Grace Hotel in Rosebank, Johannesburg will close at the end of August, but if a new operator is found it could re-open next year, property investment company Hyprop said today.

“Hyprop regretfully announces the termination of its lease agreement with The Grace Hotel (Pty) Ltd and the closure of The Grace Hotel, situated at 54 Bath Avenue Rosebank, as operated by African Sun Hotels,” it said in a statement.

The hotel would close on August 31 as African Sun could not meet its lease obligations due to the severe downturn in the hospitality industry.

“Hyprop has been approached by a number of prospective hotel operators, both local and international, who trade in the boutique hotel arena and who have expressed keen interest in reopening the hotel.”

Hyprop said it would consider all reasonable proposals.

“It is envisaged that should a successful deal be concluded, the hotel will most likely only reopen its doors in the first quarter of 2012.”

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