Fairmont Hotels & Resorts has unveiled plans to open a property in Cape Town as it further expands its footprint in sub-Saharan Africa. 

The luxury hotel group intends to take over the Cape Grace Hotel on the V&A Waterfront, located between the international yacht marina and the working harbour. The property will transition into a fully branded Fairmont property by the end of the year and be rebranded to Cape Grace by Fairmont. 

The property was recently purchased by Kasada Hospitality Fund LP, the leading independent real estate private equity platform dedicated to hospitality in Sub-Saharan Africa. 

The hotel features 120 rooms and two F&B outlets.

Fairmont’s chief executive Mark Willis said: “We are noticing a real momentum in South Africa for luxury hotel brands, and we couldn’t think of a more iconic hotel than Cape Grace to establish our footprint in the country.

“The world-class service of the brand combined with the unique location and unparalleled level of luxury the Cape Grace Hotel will be featuring offers the promise of an unforgettable experience to any guest or visitor coming into the property.”