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.

“As investment owners at Romney Park, we have been extremely impressed with The Stay Collection’s management. Not only has our apartment had a consistently high occupancy rate (even in the slower winter months, in which it was 75% – 80% occupied), but any maintenance and service issues arising are handled swiftly and expertly. The management team’s longstanding experience in the hospitality industry (including many years on the Romney Park property) ensures that guests get great service, prompting return stays and referrals”

– BIKS Stone Investment Company (Pty) Ltd.

“Kemajo Holdings bought a 2 bedroom apartment as an investment at Romney Park Luxury Apartments and The Stay Collection has been managing and renting this out on our behalf. Since starting out with them in December 2018, they have achieved or exceeded their forecasted revenue figures and we remain satisfied in their expertise with our investment..”

– Johan Du Toit, Kemajo Holdings

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.