WATCH: Entrepreneur reveals Ritz Hotel plans

Nicky van der Walt and his wife Leanne Liebenberg. (Supplied)
Nicky van der Walt and his wife Leanne Liebenberg. (Supplied)

Cape Town - Capetonians and visitors alike can look forward to the opening of the refurbished Ritz Hotel in Sea Point in December.

The iconic 220-bedroom Ritz hotel is undergoing refurbishment of R110m.

The hotel was established in 1972 and features Cape Town’s only revolving restaurant. The Top of The Ritz offers 360 degree views of Sea Point, Lions Head and the Atlantic Ocean. Apart from the Top of the Ritz, it will boast a Switch Gym, exclusive residency and a new nightclub.

The Shimmy Luxury Collection (SLC) of entrepreneur Nicky van der Walt has taken on a 20-year management contract for The Ritz. SLC is a luxury hospitality group with an equity-based management model.

So far SLC’s portfolio companies include the Shimmy Beach Club, The Ritz, the Bloemendal Wine Estate and Bon Amis @ Bloemendal.

Van der Walt will personally manage the Ritz and his wife Leanne Liebenberg is involved in a creative advisory role.

“We’re not simply a management company. We offer equity and investment solutions that create a partnership model by being vertically integrated by offering a single-source turn-key solution. We have the resources that enable us to deliver on all aspects, from bespoke design concepts through to operational solutions. We offer a vision and provide the blueprint to get there,” he explained.

Van der Walt took Fin24 and News24 Video on a tour of the refurbishment project and revealed a bit more of what can be expected once the hotel re-opens its doors.

WATCH: Inside the refurbishment of the Ritz Hotel:

Read Fin24's top stories trending on Twitter:

ZAR/USD
16.82
(+0.49)
ZAR/GBP
21.27
(+0.37)
ZAR/EUR
19.06
(+0.67)
ZAR/AUD
11.75
(+0.65)
ZAR/JPY
0.16
(+0.68)
Gold
1808.27
(+0.03)
Silver
18.96
(+1.63)
Platinum
854.00
(+0.82)
Brent Crude
43.32
(+0.49)
Palladium
1961.00
(+2.78)
All Share
56391.78
(+0.93)
Top 40
52074.91
(+1.00)
Financial 15
10355.86
(+0.78)
Industrial 25
78267.71
(+0.99)
Resource 10
53305.15
(+0.97)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
18% - 1853 votes
I am taking a hit, but should be able to recover in the next year
23% - 2424 votes
My finances have been devastated
34% - 3601 votes
It's still too early to know what the full effect will be
25% - 2593 votes
Vote