AUCT-002204 | On Auction

Modern 123 Rooms Convenience Hotel North West Province for Sale By Auction

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05 December 2024 | 11:00:00 am

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    2024-12-05 11:00:00
    Modern 123 Rooms Convenience Hotel North West Province for Sale By Auction

    Modern 3 Star, 123 Key's, Convenience Hotel Rustenburg. Kings Palace Hotel & Conference Centre, Donkerhoek Road, Rustenburg

    Extent: ± 12 467 m² | 123 Rooms | Conference facilities | Restaurant & licensed bar | Complete solar power system has been installed on the property, 100% self-sufficiency

    Rustenburg, North West


    Great Investment potential within a wealthy mining community

    Location:
    Near the world's largest platinum mines, the hotel enjoys proximity to iconic attractions such as the Sun City casino complex and Pilanesberg National Park. Adjacent to Kloof Holiday Resort and conveniently located near the city centre, The Kings Gate Hotel offers easy access from the newly constructed N4 Highway. Leisure activities are in near reach such as a golf course, a driving range, sports facilities and shopping amenities, making it an ideal destination for both business and leisure travellers. Rustenburg, known as the thriving city in the Northwest Province and the seat of the Bojanala Platinum offers many options for economic activities.

    Property Description:
    Hotel Guests will experience modern comfort and convenience at this 3-star hotel, equipped with state-of-the-art fixtures and facilities. The hotels amenities include:
    • 4 Conference facilities seating 120 and 50 guests respectively, perfect for business meetings and events.
    • A 260-seater restaurant serving delectable cuisine to satisfy every palate.
    • A spa for relaxation and rejuvenation, ensuring a memorable stay for guests.
    • A licensed Sky bar offering panoramic views and a relaxing ambiance.
    • A sparkling swimming pool for refreshing dips on sunny days.
    • Ample on-site parking, wheelchair access, and lifts for accessibility and convenience.
    • 123 ensuite rooms featuring USP charger points, air conditioning, hairdryers, complimentary wifi, and efficient room service for a comfortable stay.
    • A complete solar system has been installed on the property during March 2024 at a cost in excess of R4 Million resulting in 100% self-sufficiency together with water purification.

    Opportunity:
    This property presents a compelling opportunity for takeover by existing hotel groups, private investors, or the expansion of existing brands and chain hotel groups. International hospitality investors looking to capitalize on the potential within Rustenburg's wealthy mining community will find this an attractive investment proposition. The hotel is most popular for conferences and short to long term reservations by Government Institutions.

    Conclusion:
    Invest in the future of hospitality with this modern 3-star hotel in Rustenburg. With its strategic location, modern amenities, and lucrative investment potential, this property is poised to deliver exceptional returns. Don't miss out on this great investment opportunity in a dynamic and affluent mining community.
    Commercial Type:
    Hospitality
    Web Reference:
    AUCT-002204
    List price:
    POA
    Address:
    Kings Palace Hotel, Donkerhoek Road, Rustenburg, Bojanala Platinum District Municipality, North West
    Auction Venue:
    Mount Edgecombe Country Club

    Auction Date:
    05 December 2024 11:00 am



    Auctioneer:
    Andrew Miller
    Auction Terms and Conditions:
    R50,000.00 refundable registration deposit. Strictly by EFT. No cash. FICA Documents are required

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    Hein Hattingh
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    Hein Hattingh

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