NAME: Oscar Pearce Hotel Suites
LOCATION: Cape Town
STATUS: U/C
FLOORS: 11, 10, 10F
HEIGHT: NA
USE: Hotel

http://www.evolvepro.co.za/images/HotelWoodstockJM1.jpg

This hotel will open for business at the end of 2006 in order to meet the tourist season. There will be 114 hotel rooms in Towers A and B , and in 2007 Tower C would essentially be doubled in size to provide an additional 60 one bedroom suites

Where's this in town?

i have no idea! Cant found out either! See i do post dev's other than durban ones :)

All i do know is that phase one will open in Nov and the hotel is to be managed by Durban based Three Cities Hotels

PROMOTION: 5 STAR Hotel units snapped up
06/06/2006 13:48 PM
UNITS in the 5 STAR Hotel suites, sectional title in Cape Town's CBD have been snapped up ahead South Africa's hosting of the 2010 Soccer World Cup.

The initial 60 of the 114 suites were launched to the public for the first time in June and already only the last three units of the 1st phase are available.

These investments offer initial guaranteed income of 7.5% for the first 2 years, guaranteed by Absa, thereafter the investor will earn a percentage of the hotels gross profit.

Besides this, the investor is likely to have strong capital growth considering the 2010 Soccer World Cup.

Investors will also have an entitlement to stay, entirely free, at the hotel for 28 days per year.

The hotel will be a "Gold Crown" member of RCI International, the global leader in Vacation Exchange Company, with over 3 million members and 3 200 resorts worldwide of which 969 are Gold Crown members.

Junior suites cost R1 150 000 including VAT (therefore no transfer duties) and will form a rental pool that will be managed by a top International Hotel Group. A deposit of 10% secures participation in this this prime investment.

Features include:

* Bar and lounge;
* Spa and Gym;
* Roof Top Hotel Breakfast and Lunch Dining, with amazing views of Cape Town and Table Mountain;
* Gourmet Restaurant;
* Secretarial Centre; and
* Concierge Service.

http://www.evolvepro.co.za/images/HotelWoodstockJM1F.jpg

http://img158.imageshack.us/img158/9366/oscarpearsehotel4mv.jpg

Features

* Bar and lounge
* Spa and Gym
* Roof Top Hotel Breakfast and Lunch Dining, with amazing views of Cape Town and Table MountainLuxury Hotel and Spar
* Gourmet Restaurant
* Secretarial Centre
* Concierge Service


The initial 60 of the 114 suites were launched this month to the public for the first time. These investments offer initial guaranteed income of 7.5% for the first 2 years, guaranteed by ABSA, thereafter you will earn a parentage of the hotels gross profit. Besides this, you are likely to have strong capital growth considering the 2010 world cup soccer.

Investors will also have an entitlement to stay, entirely free, at the hotel for 28 days per year. The hotel will be a ‘Gold Crown’ member of RCI International the global leader in Vacation Exchange Company that has over 3mil members and 3,200 resorts worldwide of which 969 are Gold Crown members.

Junior suites cost R1,150,000( so cheap!) including VAT (therefore no transfer duties) and will form a rental pool that will be managed by a top International Hotel Group – don’t miss out on this prime investment! 10% deposit secures.

International Buyers
It is estimated that the 7.5% (bank guarantee by ABSA) return will fully cover the cost of a 50% Rand mortgage repayment (we will apply on your behalf) and a 50% borrowing in Euros (this loan is for you to obtain and placed as the 50% deposit) on an interest only basis.

Service, Quality and top European five star standards

UNIQUE The Location

Situated in the heart of vibrant Cape Town, literally adjacent to the HQ of Cape Town Tourism, Oscar Pearse offers an amazing location. With a wonderful array of restaurants, bars and nightlife on its door step.

Cape Town boasts year-round sunshine cooled with a temperate sea breeze. Africa’s most desirable tourist location showcases the famous Table Mountain as its core, surrounded by endless beaches, the world-renowned Cape Winelands, dramatic scenery, access to the wild outdoors, gourmet restaurants and a pulsating nightlife.


http://www.oscarpearse.com/images/press_releases/press_main.jpg

UNEQUALLED The Market

Cape Town is the most acclaimed tourist market in the world over the past five years. As tourism increases the world will discover one of the most unique locations of the 21st century, with a multi cultural society that is English speaking and renowned for its friendly welcome. Tourism is growing at a steady pace off a very low level. The World Travel Tourism Council forecasts growth for 2006 at 6.5%, with growth from 2007 to 2016 expected to grow by 4.8%. This is significantly ahead of most other international tourism markets. Local analysts believe that the 2010 World Cup will have a huge impact on South African Tourism and anticipate growth at double that forecast.

that chick got an ugly face

is this a new build or a refurb?

^^ i have no idea... and yeh her face has had way too much work!

Irish Independent

Wednesday, July 5, 2006

IRISH businessman Paschal Phelan is developing a €30m hotel in the heart of Cape Town in South Africa.

The 200 bedroom 5 Star Oscar Pearse hotel is scheduled for completion next January and will be a new landmark on the Cape Town skyline.

The project involves the refurbishment/conversion of an existing office building in the city's central business district and qualifies for special local tax incentives.

Phelan Holdings has appointed Golding Hotel Investment Consultants (GHIC) to facilitate the management contract with the selected hotel operator.

GHIC is the leading facilitator in the hospitality and leisure industry in South Africa.

A number of international operators are competing to secure rights to operate the de luxe hotel.

Earlier plans by Mr Phelan to develop a six star hotel in Cape Town using the Claridges name were subsequently changed from hotel to luxury apartments. The former Irish meat magnate is currently nearing completion of 100 apartments on this site.

Investors are now being offered fully furnished luxury suites at the new Oscar Pearse Hotel via Dublin-based Seamus Keating Investments.

"This investment provides a guaranteed income without any of the costs associated with traditional ownership", investment expert Mr Keating comments. "A minimum return of 7.5% is guaranteed by Barclays Bank.

"Individual suites are available at a pre-launch price from €135,000.

"Full title ownership is provided with legal fees less than 1% and Section 23 type relief as the hotel is in a designated area.

"The package also provides for a free stay for owners for 28 days per year.

"From a property investment, current political and economic factors provide a highly positive background for accelerated demand and capital growth.

"There is a major hotel room shortage in the peak seasons. It is expected that increased tourism, and the unique property opportunities available, particularly in the Western Cape, will drive prices in the luxury end of the market closer to international standards in the short to medium term."

Based in Dublin, newly formed Seamus Keating Investments is initially concentrating on property investment opportunities, but will extend to other investments also in due course.

A qualified accountant, Mr Keating has over 15 years experience behind him, working with AIB and Citigroup.

Who on God's earth is Oscar Pearse anyway?

Who on God's earth is Oscar Pearse anyway?
prob some old gay guy

It says international operaters...thats wrong cos Three Cities already have the contract. visit www.hotelinvestments.co.za there are alot of other ones around Durban and Cape Town

Pity it is yet ANOTHER refurb, wanted to see a new building.

prob some old gay guy
Yep sounds right

prob some old gay guy

Well, do you have his number then? Me is thinking if he is an international hotel magnate, there's got to be a serious quid in it... Now give daddy some sugar. :runaway:

Hotel Operator:

This Hotel will be operated and managed by NH Hoteles, a leading 5* Hotel Operator. www.nh-hotels.com is the third largest hotel group in Europe and has been the fastest growing brand in this market for numerous years. The group, after the latest acquisitions in Italy, has 333 hotels with 48,466 rooms in 21 countries. Destinations include Europe, Latin America and Africa. Presently there are 29 new projects for NH hotels under construction, offering an additional 5,000 new rooms. NH Hoteles have been carefully selected as the operators of Oscar Pearse as the group has traditionally been the owners of the hotels they operate rather than operating properties owned by third parties. NH have the highest gross operating profit percentage of any hotel chain in the world at over 40% making their focus on profitability apparent. Given that the NH Oscar Pearse is primarily an investment this provides an outstanding platform for future profitability.

That is good news to hear. NH Hoteles is not new to the SA hospitality scene. They currently manage the NH Lord Charles in Somerset West and the NH Plettenberg Bay which are graded four stars by the Tourism Grading Council. NH Hoteles worldwide portfolio also includes five star hotels, which is what the Oscar Pearse will likely become.

Mo Rush,

What is the status on this hotel development?

Are they working on modernizing and upgrading the existing 12F building in the first phase?

What about the second phase which will be a new wing?

The website at http://www.oscarpearse.com indicates that the hotel is scheduled to be completed in early 2008 (originally projected for early 2007 when the project was announced a year ago).

ah the old gay dudes hotel

no news sorry.

ah the old gay dudes hotel

The developer of Oscar Pearse is Phelan Holdings, an Irish-owned company that is currently building the Cape Royale in Mouille Point (see that thread as I recently posted some pictures of Cape Royale), which is a luxury apartment development. The Cape Royale was built instead of The Claridges Hotel, which was a six-star sectional title hotel that was canned in 2004 due to the sluggish hotel market in Cape Town that has improved markedly in the last three years.

^^Okay, so they were wrong.

The Evolvepro property website which has the most up to date info on the Oscar Pearse has just revised the completion date from Early 2008 to Early 2009.

cool

Dysan1,

Please rename this thread as NH Hotels has the management contract of this property and refers to their hotels with the NH in front of their name. Rename it as follows:

# NH Oscar Pearse - Hotel - 11F - Cape Town

http://www.mcap.co.za/images/wc-04.jpg

http://www.mcap.co.za/images/wc-04.gif

Luxury hotel apartment development

Project Value ZAR140,0 million

Mezzanine facility

M Capital – ZAR10,0 million

http://www.mcap.co.za/images/logo-01.jpg

who are NH?

Dysan

Please change the floor height on this thread to 14 Floors



I'll post the info on it as I didn't know it existed already on SSC.

#NH Oscar Pearse Hotel - 14F - Cape Town (CBD)
Name: NH Oscar Pearse Hotel
Use: Five Star Hotel
Floors: 14
Status: Under Construction
Location: Facing Long St and Burg St, Cape Town


http://img.entegral.net/p/308/216579_2008829938260.jpg


http://www.oscarpearse.com/images/map_large.jpg


About

2009 will see NH-Oscar Pearse as a new landmark on the Cape Town skyline, bringing the Mother City a new dimension in hospitality with its unique décor, design, luxury, elegance and sophistication.

Designed and developed by the Phelan Holdings team, acclaimed for the Cape Royale landmark in Green Point, it will be operated by NH-Hoteles, Europe's fastest growing international hotel operator.

NH-Oscar Pearse combines a five-star deluxe international hotel with impeccable service, and is set to become respected as one of the world's great designer establishments.

Discerning investors are offered a unique opportunity to become owners of fully furnished luxury apartments at NH-Oscar Pearse, an investment which provides a constant income, initially bank guaranteed, without any of the complications associated with traditional investment property ownership.


Design

As a sequel to Phelan Holdings’ success with Cape Royale with its French leanings, NH-Oscar Pearse bows to ‘Italianate’ urban aesthetics. The golden façade punctuated by tall, double paneled windows and balconettes sits atop a broad band of full-length doors and windows at street level. These invite you into a vast double volume lobby clad in white marble, where you would expect to hear the staccato of stilettos above the murmur of business dealings.

Generously proportioned public spaces include a restaurant and bar, meeting facilities, a panoramic, urban-styled rooftop pool deck and a spa as well as the sleek, green marble corridors which unfold over 15 floors into the intimacy of the living spaces.

The standard rooms are appointed with a contemporary 4-poster bed draped with the finest Egyptian cotton muslin, creating a screen of privacy at the centre of the space which enjoys the luxury of a bath niche, large closets, designer vanities, a TV and hi-fi system, a writing desk with exotic inlay (commissioned from India) as well as a living area in which outside guests can be received over drinks. The suites include an additional dressing table, a separate living room and a sleek kitchenette with all units equipped with the highest level of international IT connectivity.

All constellations of room sizes and suites resonate with simple elegance. A considered layout, clean lines that consistently guide the design of the custom-made furniture, richly contrasting textures and the sophisticated restraint of the tonal palette, create interiors that are both functional and timeless – a true design masterpiece that will exceed the highest international expectation.

Floor Plans

Adobe PDF Reader is required to view the floor plans.

To download the floor plans right click the link and click "save target".

Ground Floor 7th Floor
1st Floor 8th Floor
2nd Floor 9th Floor
3rd Floor 10th Floor
4th Floor 11th Floor
5th Floor 12th Floor
6th Floor Penthouse


Investment

Apartment Type

Size

Priced From

Junior Suite

35-37m²

R1,574,100.00

Luxury Apartment

43-48m²

R1,967,625.00

Superior Luxury Apartment

50-58m²

R2,186,250.00

Penthouse

120–140m²

R6,000,000.00

Price in Rand (incl. VAT)
View currency exchange rates

Full sectional title ownership

Fully furnished to five-star deluxe international standard
Bank-guaranteed 8% return on investment for initial two years
World-Class facilities of spa, gym, rooftop pool deck and premium executive meeting boardrooms are core attractions and drive repeat hotel business
Guaranteed minimum 10% interest on your deposit held in trust by attorneys
Thereafter, income will comprise your proportional share of 25% of the gross hotel room revenue. (Refer to table below.)
No levies payable
28 days’ free stay per year for owners (with minimal service charge)
Hotel to be operated by leading international hotel operator, NH Hoteles
Major capital appreciation potential
Anticipated vibrant re-sale market

http://www.oscarpearse.com/images/opening/OP-0723.jpg

Erik Jansen - Managing Director NH Hotels South Africa
Paschal Phelan - Chairman Phelan Holdings

New Five Star Oscar Pearse Hotel To Open In Cape Town South Africa

Cape Town Magazine

New luxury inner city hotel promising to become an elegant new landmark on the Cape Town skyline

The new Oscar Pearse hotel currently under construction combines a five-star deluxe international hotel with impeccable service and it is set to become respected as one of the world's great designer establishments when it opens in Cape Town, late 2009.

The hotel will consist of 77 apartment suites, 58 rooms and 4 penthouses and will be situated in the heart of vibrant Cape Town, adjacent to CapeTownMagazine.com’s head office as well as the Cape Town Tourism Head Office and Greenmarket Square.

Numerous shops are within reach of the new hotel, with Long Street & St. Georges Mall, you can be sure that you will be able to shop to your hearts content.

Only a few steps away from the location of the Oscar Pearse, excellent restaurants such as Haiku Asian Tapas, 95 Keerom, Fork restaurant, Bukhara and Riboville restaurant are waiting to be devoured...

A magnificent golden façade, double paneled windows and balconettes sitting above full length doors and windows will invite guest into the hotel’s lobby clad in marble.

There will be generously proportioned public spaces which will include an upmarket restaurant and bar where you be able to dine in style.

The 5 star establishment is designed and developed by the Phelan Holdings team, acclaimed for the Cape Royale landmark in Green Point; it will be operated by NH-Hoteles which is Europe's fastest growing international hotel operator.

To get up to date news on accommodation in Cape Town subscribe to our Editor’s Picks Newsletter.

Oscar Pearse Hotel Facilities include:
• Generously proportioned public spaces
• Restaurant and bar
• Meeting facilities
• Urban-styled rooftop pool deck (!)
• Spa

Rooms at the Hotel include:
• (Standard rooms) contemporary 4-poster bed draped with the finest Egyptian cotton muslin
• Large closets
• Designer vanities
• TV and hi-fi system
• Writing desk with exotic inlay (commissioned from India)
• Living area in which outside guests can be received over drinks
• Suites include an additional dressing table
• Separate living room and a sleek kitchenette with all units equipped with the highest level of international IT connectivity.

All in all a promising first light on the Oscar Pearse. We anticipate checking in soon after opening.

Dysan

Please change the floor height on this thread to 14 Floors



I'll post the info on it as I didn't know it existed already on SSC.

Counting the floors in the pic is still 11F...where the extra floors?

i count 11 too

http://www.oscarpearse.com/images/opening/OP-0723.jpg

Erik Jansen - Managing Director NH Hotels South Africa
Paschal Phelan - Chairman Phelan Holdings

Ugly..... Fugly.:nuts:

http://www.vectorconstruction.co.za/images/top.jpg

CURRENT PROJECTS

Oscar Pearse Hotel - Cape Town

STATUS:

Currently under construction

SITE DESCRIPTION:

Conversion of existing structure into a 13 storey luxury international hotel.

Ugly..... Fugly.:nuts:

Let's not forget Smugly on the right of Fugly.

http://i436.photobucket.com/albums/qq89/diekapenaar/OscarPearse.jpg?t=1236202354

This development is cancelled and has been replaced with Hotel Missoni...follow the link to it below

http://www.skyscrapercity.com/showthread.php?t=888088