Romney Park, a previous 6 year consecutive winner of the Best All Suite Hotel in South Africa, was extensively refurbished and reopened in December 2018 as a sectional title apartment hotel.

Business or leisure guests can enjoy the privacy and spaciousness of an apartment with the selected services of a hotel. Managed and operated by The Stay Collection, a full service hospitality management solution is available for investment buyers at Romney Park. Specialising in boutique style properties (hotels, guesthouses, lodges, aparthotels and country houses),

The Stay Collection, owner managed by seasoned hoteliers Heino Reuling and Susan Versfeld, takes care of your full investment. From reservations to revenue management, property maintenance, customer and agent relationships and everything in between, their extensive experience in 3* to 5* properties combined with their enviable network of supplier, repeat guest and travel agents, work closely with property owners in order to grow their investments.

Features

  • Attractive rate of return
  • Opportunity to own a premium apartment in one of the landmark buildings in Green Point
  • Onsite maintenance team to ensure the upkeep of the apartment according to tourism grading hotel standards
  • Owners receive preferential and customisable rates to make use of their own apartment during the year, subject to availability.

One-Bedroom Apartments

Average Occupancy Rate = 77.1%
Average monthly revenue
= R34,026 p/m incl. VAT
Potential ROI = 13,6%

Two-Bedroom Apartments

Average Occupancy Rate = 75,9%
Average monthly revenue
= R45,170 p/m incl. VAT
Potential ROI = 9.3%

Three-Bedroom Apartments

Average Occupancy Rate = 53,6%
Average monthly revenue
= R42,476 p/m incl. VAT
Potential ROI = 6,4%

*Figures exclude 25% Management Fee and recharges.
*City of Cape Town Rates and Body Corporate Levies still payable.
*Owners usage 21 days per year.