19 February 2019. Attacq Limited (Attacq), the JSE listed property company developing Waterfall City and Waterfall Logistics Hub, is proud to announce that the City Lodge Hotel Group will be expanding its footprint within Waterfall City.
The new hotel will see a “new concept” 4 Star Courtyard in Waterfall City and will be developed in a 50/50 joint venture between Attacq and the Barrow Group. The new 10 level hotel will include 168 rooms, conference facilities, restaurants and a roof top sky bar where business patrons can enjoy sundowners and a view of the Magaliesberg mountain range. City Lodge Hotel Group currently offers a 149-room 3-star City Lodge Hotel in Waterfall City.
The City Lodge Hotel Group chain ranks amongst the 5 largest hotel chains in South Africa and comprises 5 Courtyard Hotels, 19 City Lodge Hotels, 13 Town Lodges, 22 Road Lodges and the Fairview Hotel in Nairobi.
“This new development signifies Waterfall’s growing reputation as the premier live-work-play destination within Gauteng. The expansion decision by the City Lodge Hotel group is indicative of Waterfall’s ability to continuously grow its business value and commercial property offering. This new hotel will be developed on the site next to our first residential development, Ellipse,” said Melt Hamman, CEO of Attacq.
Waterfall’s combination of visibility and accessibility along with its proximity to the Mall of Africa, remains a crucial driver to ensuring continued growth in its retail, office, mixed-use and light industrial offering.
‘’As a homegrown African hotel chain that prides itself as being amongst the best in the world, we are extremely excited about what this expansion means for our business. With the Waterfall node growing as fast as it is, the moment seemed right to expand our footprint through developing a new concept for our Courtyard Hotel brand”, says Andrew Widegger, CEO of the City Lodge Hotel Group.
“Through this exciting new hotel concept, we look to capture the growing number of business and lifestyle visitors that are increasingly making Waterfall their home away from home,” added Widegger.
Construction of the new development is expected to start in March 2019 with completion estimated for October 2020.