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South Straddie QLD
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Nice find Mo and great location, Obs and Woodstock are ripe for densification and increase in heights along main rd
 

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Discussion Starter · #4 ·
I think this is just a planned apartment development that was scrapped for a hotel.
The HQ of Queensgate will be located here so its pretty certain that its either under construction or heading for completion.
 

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New 4-star hotel for Woodstock

11 Sep 2009

A four-star conferencing hotel will soon be launched in Cape Town's Woodstock.

The 176-room Upper East Side will boast eight conferencing rooms.

It will also feature 15 club suites for the discerning business traveller with separate concierge services, a "ladies-only" floor designed by women for women, and an interactive food quarter providing a fusion of African cuisine. Upmarket retail facilities as well as a brand new spa will also be incorporated.

Having identified Woodstock as one of Cape Town's fastest growing suburbs, Queensgate Hotels & Leisure's objective is to create a mixed-use hotel of more than 11,500sqm in size with an additional 2,500sqm of retail space including 1,000 parking bays. A lifestyle indoor piazza will offer a 200-seater restaurant, a wine bar and cigar lounge for cigar and fine malt connoisseurs as well as upmarket retail shops.

"Upper East Side is a mid-market hotel that will encourage guests to live, stay and play," says Andrew Hubbard, chief executive officer of Queensgate Hotels & Leisure.

"In keeping with the history and tradition of the area, merchant services such as tailoring, dress making etc. will be provided to guests and local residents. Our venue is the perfect place to combine business with pleasure whilst having your daily needs taken care of."

Upper East Side is distinctly green and is being built in compliance with the latest industry regulations. The hotel will adhere to set environmental performance standards, including the recycling of food waste, the use of low-energy lamps, environmentally friendly cleaning chemicals and the tracking of solid waste amongst many other criteria.

For more information click here to visit the website.
 

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Discussion Starter · #11 ·
so glad this is going well. woodstock would be a great location for new hotels..im sure there are many buildings just screaming to be refurbished
 

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Discussion Starter · #14 ·
Hotel developer Queensgate gets R50m facility from US fund


Queensgate Hotels and Leisure had secured a R50 million funding facility from US investment fund YA Global Investments, available for three years, the hotel development firm announced yesterday.

Andrew Hubbard, Queensgate's chief executive, said this would make it easier to raise additional funding for two hotels in South Africa, a resort in Mauritius and other new projects.

The arrangement follows the recent acquisition of 345 million shares in Queensgate for R51.75m by Dale Capital Holdings and Dale Leisure Holdings, both local subsidiaries of TFG, which is listed on the Mauritius Stock Exchange, and its associated company, Dale Global Holdings.

Hubbard said the new investment and funding would make it easier to get loans from South African banks, reluctant to fund new developments.

Queensgate develops hotels for investors including investment funds in Germany. It owns five-star hotels managed for it under contract by Belgium-based Rezidor and has recently begun to manage its own hotels.

Two projects started are a four-star conference hotel, Upper East Side, in Woodstock, Cape Town and a hotel in Commissioner Street, Johannesburg.

The Cape Town hotel is due to open in time to house fans arriving for the soccer World Cup and will be aimed afterwards at the corporate traveller and conference market.

Hubbard said the group had already sold rooms for the event to a wholesale travel firm, which he believed would cost soccer fans less than those sold by Match, the accommodation agents appointed by Fifa.

Match sells rooms as part of travel and entertainment packages, and in expectation of a firming rand next year, it has reached a deal with the Federated Hospitality Association of SA (Fedhasa) to base these packages on an expected exchange rate of R7 to the pound. Hubbard believed rooms at Upper East Side would cost the same as the R1 400 agreed on by Fedhasa for four-star hotels. Those forming part of a Match package would pay additional Match commission.

After the World Cup the Upper East Side conference facilities would be "the best mid-market conference hotel in Cape Town".

Hubbard said Queensgate would have a management contract for the resort in Mauritius, which would be a small one with 40 rooms. It was a new market for his company, which was "dipping a toe into the water" there.

Before the economic downturn, South African visitors were priced out of the market in Mauritius by its increased popularity with European visitors. Hubbard said the island was now keen to lure South Africans back, while the number of French visitors had not dropped to the same extent as those from the UK and Germany.

Published on the web by Business Report on September 21, 2009. © Business Report 2009. All rights reserved.
 

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Hotel developer Queensgate gets R50m facility from US fund

Business Report

September 22, 2009

Queensgate Hotels and Leisure had secured a R50 million funding facility from US investment fund YA Global Investments, available for three years, the hotel development firm announced yesterday.

Andrew Hubbard, Queensgate's chief executive, said this would make it easier to raise additional funding for two hotels in South Africa, a resort in Mauritius and other new projects.

The arrangement follows the recent acquisition of 345 million shares in Queensgate for R51.75m by Dale Capital Holdings and Dale Leisure Holdings, both local subsidiaries of TFG, which is listed on the Mauritius Stock Exchange, and its associated company, Dale Global Holdings.

Hubbard said the new investment and funding would make it easier to get loans from South African banks, reluctant to fund new developments.

Queensgate develops hotels for investors including investment funds in Germany. It owns five-star hotels managed for it under contract by Belgium-based Rezidor and has recently begun to manage its own hotels.

Two projects started are a four-star conference hotel, Upper East Side, in Woodstock, Cape Town and a hotel in Commissioner Street, Johannesburg.

The Cape Town hotel is due to open in time to house fans arriving for the soccer World Cup and will be aimed afterwards at the corporate traveller and conference market.

Hubbard said the group had already sold rooms for the event to a wholesale travel firm, which he believed would cost soccer fans less than those sold by Match, the accommodation agents appointed by Fifa.

Match sells rooms as part of travel and entertainment packages, and in expectation of a firming rand next year, it has reached a deal with the Federated Hospitality Association of SA (Fedhasa) to base these packages on an expected exchange rate of R7 to the pound. Hubbard believed rooms at Upper East Side would cost the same as the R1 400 agreed on by Fedhasa for four-star hotels. Those forming part of a Match package would pay additional Match commission.

After the World Cup the Upper East Side conference facilities would be "the best mid-market conference hotel in Cape Town".

Hubbard said Queensgate would have a management contract for the resort in Mauritius, which would be a small one with 40 rooms. It was a new market for his company, which was "dipping a toe into the water" there.

Before the economic downturn, South African visitors were priced out of the market in Mauritius by its increased popularity with European visitors. Hubbard said the island was now keen to lure South Africans back, while the number of French visitors had not dropped to the same extent as those from the UK and Germany.
 

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Discussion Starter · #17 ·
Hi....hello....hi....hello....hi....hello.

I don't mind being on ignore DK, but why are you double posting everything? Not only in this thread but in other threads too?

wtf?
 
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