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Old July 12th, 2006, 04:53 PM   #1
Mosi-oa-Tunya
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#Hilton Cape Town - 12F - Hotel - CBD | Complete

Name: Coral International - Cape Town
Type: Luxury Hotel
Floors: 12
Status: Under Construction. Management contract signed in April 2006. Hotel scheduled to open in 2008.
Location: Wale Street near the Provincial Parliament in central Cape Town



Following article:

Khaleej Times

UAE hotel group in South African foray
BY A STAFF REPORTER

15 April 2006


DUBAI — Coral International Hotels, Resorts & Spas, a Dubai-based hotel group, announced that it signed its first management contract in South Africa with Cii Holdings — specialists in property, finance, food business, technology and broadcasting. Located in Central Business District next to the parliament, this magnificent Deluxe 5-star hotel is expected to start operations by 2008 i.e. two years before the Football World Cup.


Cii Holding's Group Chairman Ashraf Ali Seedat and Group CEO Hamza Farooqui, who were in Dubai to formalise the contract, said, they are delighted to have Coral International bring its distinctive style of hospitality to Cape Town. "The luxurious hotel will be a magnet for travellers seeking to experience the picturesque beauty of Cape Town and Coral International's exceptional hospitality.''

Speaking at the signing ceremony, Michel P.J. Noblet, Managing Director, Coral International Hotels, Resorts & Spas, said Cape Town, with its scenic beauty and vibrant lifestyle, is considered one of the world's most desirable destinations and Coral International is proud to be in the historic city. It is a major milestone for our company since it is our first management contract outside the Middle East. Having already consolidated our position in the local market, we are entering a new phase of development which would add some very exciting projects to our existing portfolio. We have spotted some wonderful opportunities in South Africa and anticipate adding two more properties — one in Durban and another in Johannesburg — in the coming months."

This also marks a new beginning in the history of hospitality in South Africa. Said Mr Farooqui, 'In keeping with our philosophy, our hotel will be the first alcohol-free property in Cape Town offering a safe and healthy environment to all our guests. This not only makes us distinctive in this part of the world but helps us to achieve a balance between hospitality and conscious living. Best of all it would make our hotels the first choice for families.'

With five world-class hotels strategically located throughout the UAE, and many more on the way, Coral International Hotels, Resorts & Spas has won widespread recognition as a top hotel management company in the Middle East. Coral properties in the UAE offer a selection of accommodations and services for a wide range of prices, thus catering to the demands of diverse clientele travelling for different purposes. The group, which launched in September 2003, has a target of 25 properties within its first five years of operation. Already under negotiation are projects in Kuwait, Saudi Arabia, Lebanon, Bahrain, Qatar and Oman.

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Old July 12th, 2006, 05:32 PM   #2
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cool
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Old July 12th, 2006, 06:09 PM   #3
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i was wrong before...this is the one that is part of the Mandela Rhodes place development
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Old July 14th, 2006, 01:54 PM   #4
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punks stole our concept. I work for a private equity company as director of development and we are rolling out 30 Sharia complient (read dry) hotels across MENA(middle east and north africa), we were the first to launch the concept and the first to go to market but since we launched we have had like 4 other groups copy the concept
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Old February 19th, 2007, 09:48 PM   #5
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What is the status on this new development?

Do any of you know the status of the Coral International hotel development in the Cape Town CBD?
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Old February 19th, 2007, 10:01 PM   #6
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no clue.
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Old February 19th, 2007, 10:16 PM   #7
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I did go to their website at: Coral International Hotels & Resorts and it showed that a property was under-construction in Cape Town but it did not have any other details or any renders.
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Old February 21st, 2007, 10:20 PM   #8
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Arabian Travel Market, May 1-4, 2007, Dubai, UAE

I did run across the website for Arabian Travel Market, which will be in May in Dubai. Coral International Hotels is one of the stands, which will feature their new hotel to be built in Cape Town. Here's the contact info regarding the Cape Town property:

Arabian Travel Market

Coral International Hotel, Cape Town

Stand Number GV232

Contact Name Dear Mr Fadi Mazkour

Address Pre-opening Dubai Ofiice, P.O Box 66232
Dubai, United Arab Emirates P.O Box 66232
UNITED ARAB EMIRATES

Telephone Number +971 42233448
Fax Number +971 42277449
Company Email f.mazkour@coral-international.com
Company Website www.coral-international.com
Main Standholder: Coral International Hotels- Resorts-Spas
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Old February 22nd, 2007, 05:11 AM   #9
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I go to ATM and the AHIA every year as we launched our brand last year so will see what they are up to as they are compitition in CT
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Old February 23rd, 2007, 12:02 AM   #10
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That is great. Look forward to hearing news from you on it as there is so little info about it.

My sense from looking at the Coral International website is that this is a boutique hotel chain with hotels with no more than 150 rooms, which is very small by Dubai standards. I doubt the one in Cape Town will be more than 50 rooms and most likely will cost maybe about R75 million. I bet it's a conversion of an existing old building rather than a new construction site.

About whether the Coral Hotel is just a sectional-title hotel as opposed to a full service one, I haven't seen anything about apartment suites being sold off plan like one would obviously notice for the new hotel at the Quays on Timeball at Durban Point if you go to one of the property websites.
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Old May 8th, 2007, 10:57 PM   #11
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Arabian Travel Market

Coral International Hotels has unveiled more details on it's plans for South Africa:

1. The Cape Town property will have 108 rooms and open next year in the commercial centre of the city

2. Management contracts have just been signed for two more hotels: Johannesburg and Durban

3. A fourth is proposed for Pretoria by 2010

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Old May 8th, 2007, 11:08 PM   #12
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Coral in aggressive expansion mode

Gulf News

Published: 04/05/2007 12:00 AM (UAE)

By Shakir Husain, Staff Reporter

Dubai: Coral International, a home-grown hotelier, has signed five new management contracts as the four-year-old firm pushes its expansion plans.

At present it operates 10 hotels and has 15 properties under development.

It yesterday signed two new management contracts with South African group CII Holdings for five-star properties in Durban and Johannesburg.

The construction of the properties is expected to start next year, Hamza Farooqui, CII chief executive officer, said.

Last year Coral, which operates alcohol-free hotels, signed a contract for a five-star hotel in Cape Town with the same group. The 108-room Cape Town hotel will open next year, Farooqui said.

As the host of the 2010 FIFA World Cup, South Africa is expecting a huge increase in the number of foreign visitors and new hotels are needed to accommodate them.

"South Africa's tourism industry has seen an unprecedented expansion. The two new projects in Durban and Johannesburg make a strong strategic sense," Farooqui said.

The company also signed an agreement with an Omani group on Wednesday to launch its new Ecos budget hotel brand in Muscat. The two-star Ecos Hotel in the Omani capital will have 200 rooms.

It also signed an agreement to manage a hotel in Dubai with UAE businessman Suhail Mohammad Khalifa Shaheen Al Murar, who currently runs the Coral Boutique hotel in Bur Dubai.

Michel Noblet, managing director of Coral International, said his company is on course to beat its target of having 25 hotels by 2008.

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Old May 8th, 2007, 11:10 PM   #13
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Coral in Dh441 million deal with Cii Holdings

Khaleej Times

BY JOSE N FRANCO JR

5 May 2007


DUBAI — Coral International Hotels, Resorts & Spas entered into another partnership with the South African-based Cii Holdings for two five-star hotels in Durban and Johannesburg worth Dh220.4 million, and with an understanding to replicate the project in Pretoria for the next three years.


On Wednesday, Coral International granted its first-ever franchise worth Dh95.4 million to Al Bahja Group of Companies for a 109-unit five-star property in Oman. Now called Coral Boutique Villas at Al Nahda Resort & Spa, the property is less than an hour's drive from the Omani capital of Muscat.

"The transaction significantly strengthens our position in Oman and leaves us well-placed to pursue potential strategic opportunities for further growth and development," said Michel Noblet, managing director of Coral International.

In an interview, Julian Ayers, general manager of Al Nahda, said the company expects a good return on its Dh95.4-million investment in two years. "It's good to have Coral with us because it has an international name, and it is very good in re-branding hotel properties," he said.

Ayers also said his company is adding a Dh2.4-million Desert Camp project with 24 rooms to the re-branded property.

Noblet said the Pretoria property would be worth Dh110.2 million, the same amount involved in the partners' Cape Town project signed last year. This brought to almost Dh441 million the worth of the four projects, with Cii Holdings as property developer and Coral as hospitality manager.

He said the two companies want to position themselves well in South Africa, whose fastest-growing industry is tourism, in time for the FIFA World Cup in 2010.
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Old May 8th, 2007, 11:40 PM   #14
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as i said in another thread, i wonder if the Durban one is the S on Timeball hotel, or another new one that has not been mentioned yet. For that development has 120 odd rooms and is also a sharia complient facility...giles your take?
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Old May 8th, 2007, 11:59 PM   #15
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Coral Hotel will cost $30 million

Coral's new boutique hotel in Cape Town will cost $30 million or R200 million for a 108-room development.

Coral's other three hotels planned for SA will also cost about the same each bringing the total investment in SA to $120 million or R800 million.
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Old May 9th, 2007, 03:06 PM   #16
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a bit in the dark on this and where the durbs site is. Ill take it up with our potential partners tommorw as it could be them at our expense. Although Coral are a 4* brand and we are 5*
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Old May 10th, 2007, 10:20 PM   #17
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you keep saying they are 4 star and u are 5 star, but their website states that their hotels are 5 star and the articles state that their new south african hotels are 5 star.
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Old May 10th, 2007, 10:40 PM   #18
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R200 million seems ok...in the cbd..good stuff since that part of town near parliament needs a little bit of work...with the parliament upgrade as well things are looking good
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Old May 11th, 2007, 12:34 PM   #19
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Quote:
Originally Posted by dysan1 View Post
you keep saying they are 4 star and u are 5 star, but their website states that their hotels are 5 star and the articles state that their new south african hotels are 5 star.
exactly, when you see a real hotel there is a sign on the outside with 4*s on it so its a 4* chain. Always has been and always will be. All their properties in the ME are 4*
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Old May 14th, 2007, 10:39 AM   #20
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that makes no sense related to my post. why would their website say that they have 4 and 5 star hotels, but you say they are only 4 star. aggggggggh. why would they lie?
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