Luxury travel firm expands with new Cape Town property

Luxury travel firm Intosol Holdings is to manage a boutique hotel in Cape Town.


The Soul close to Llandudno beach has six suites with ocean views.


The property is the sixth in the company’s Soul Private Collection portfolio currently focused on South Africa.


The firm, which was listed on the London stock exchange in the autumn, has signed a two-year management contract on the hotel with an option to buy for R28 million.


Intosol executive chairman Rainer Spekowius said: “Since listing in London in October, we have made excellent progress developing our portfolio, building our client base and strengthening our team.


“Soul on Llandudno is an excellent addition to our Soul Private Collection and I am confident that given its premier location, boutique interiors, high-end service and stunning views, it will emulate the success of our highly cash-generative flagship property, Oceans Wilderness, and provide further proof of our business concept.


“This agreement follows the acquisition of a site for the development of the Leadwood Safari lodge.


“Whilst Intosol expands both in our home market and into new markets, our focus remains the same – to provide clients with a dedicated service, designing bespoke, one-off travel experiences.


“In line with this, we are bolstering our team of private travel designers to support our growing client base currently standing at over 15,000.


“Our growth strategy is underpinned by strong market fundamentals for high-end tourism and we are encouraged to note the proposed $3.2 billion acquisition of hotel group Belmond by LVMH, the world’s largest luxury group by revenues, which highlights the potential of this market.


“I’d like to take this opportunity to thank staff and shareholders for their continued support during the year and I look forward to updating the market on several exciting new travel experiences that are in the pipeline for 2019.”

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