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.”

Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.