The Capital on Bath – Rosebank’s exclusivity icon
A NEW multimillion-rand executive apartment hotel is to be built in Rosebank in Johannesburg.
Called The Capital on Bath, it will comprise 52 apartments and 100 hotel rooms.
Situated in the heart of Rosebank on Bath Avenue, construction of the hotel will commence in January and is expected to be completed by November, with the hotel opening its doors to guests in January 2016.
The Capital on Bath is the seventh in The Capital Hotel Group’s portfolio of executive apartment hotels in the greater Sandton area and is being built in response to increased demand for residential property in the Rosebank area.
It will offer guests a gym and outdoor pool, stateof-the-art security and keyless access, a café and bar, laundry and housekeeping, air-conditioning and Wi-Fi.
Marc Wachsberger, the managing director of The Capital Hotel Group, said it was consistently ranked number one on the STR Global Hotel benchmark survey for the group’s performance in Sandton. “It is therefore a natural progression for us to move into Rosebank with our same core values in mind – offering brilliant basics to our corporate clients while meeting their budgets,” he said.
Ken Reynolds, the Gauteng regional executive at Nedbank Corporate Property Finance, which is providing R100 million to the Capital Hotel Group for the development of the hotel, said Rosebank had attracted much interest from savvy investors.
Reynolds said: “Rosebank has seen much commercial development and investment since the Gautrain station was launched in 2011 and has been declared one of 35 priority areas in greater Johannesburg to receive improved service delivery and infrastructure. In the past three years, close to R7 billion has been spent on the development of new office buildings and the refurbishment of older commercial buildings in the area.
“According to the Rosebank Management District, the area has become Johannesburg’s thirdlargest high-rise business centre after Sandton central and the inner city.”
Rosebank had become one of Johannesburg’s most desirable addresses for businesses and executives alike because it was well located for easy access to the Johannesburg CBD, Illovo, Melrose and Sandton. “In addition, The Capital on Bath is within walking distance of the Rosebank CBD, the Gautrain station and the excellent schools and private hospitals in the district,” said Reynolds.