Investing in South Africa
Taj hotel for Cape Town city centre
Inner-city rejuvenation
According to a Business Day article this week, the hotel, which is being built at a cost of R500-million, is a 50-50 joint venture between city centre property investor Eurocape and Taj, the hotel division of Indian conglomerate Tata. Pownall said that with the rejuvenation and reinvestment in the city centre in recent years, the timing of opening the hotel could not be better. "We could not have done this 10 years ago," he told Business Day. "But now the streets [are] safer, there are numerous street cafés, and there is a lot more life in the area."Impeccable service
Emerging from the original façade of two iconic historical Cape Town buildings, Temple Chambers (the Board of Executors building built in the 1890s) and the South African Reserve Bank Building, the Taj Cape Town "will seamlessly blend old and contemporary architectural styles," according to the press statement. The hotel's new 17-floor glass tower will rise from the heritage buildings into the city skyline, with guestrooms, suites and residences all offering spectacular views of the city's famous St George's Cathedral, The Company's Garden, Parliament and Table Mountain. According to the statement, guests will be able to experience authentic and traditional Indian Ayurvedic wellness treatments at the Jiva Grande Spa, as well as dine at Masala Kraft, an Indian speciality restaurant known for its delectable fare prepared with traditional ingredients. "Operated by Taj Hotels, Resorts and Palaces, Cape Town's new landmark hotel will continue to uphold our long standing tradition of unparalleled luxury and impeccable service that is over 100 years old," Pownall said. SAinfo reporter
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Table Mountain and Cape Town harbour, Western Cape (Photo: Mark Skinner, South African Tourism)

The five-star Taj Cape Town is located in the cultural and historic centre of Cape Town - the St. George's Mall - and will offer guests spectacular views of the city and several of its landmarks (Photo: Taj Hotels)
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