The parties have reached a mutual decision to close The Grace Hotel, situated at 54 Bath Avenue in Rosebank in Johannesburg, on 31 August 2011 due to the inability of African Sun to meet its lease obligations in light of the severe downturn in the hospitality industry.
Hyprop has been approached by a number of prospective hotel operators, both local and international, who trade in the boutique hotel arena and who have expressed keen interest in reopening the hotel.
All reasonable hotel management proposals will be considered. It is envisaged that should a successful deal be concluded, the hotel will most likely only reopen its doors in the first quarter of 2012.
Further announcements will be made in due course.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
Danette Breitenbach 20 Jun 2025
