Cape Town-based Hotel Fund, Lucid Ventures launches all-new boutique hotel brand, Hotel Suites
Retail · 22 May 2019
CAPE TOWN – Cape Town-based Hotel Fund, Lucid Ventures announced that it has launched an all-new boutique hotel brand called Home Suite Hotels.
The brand aims to attract discerning business travellers and well-travelled tourists.
Lucid is an investment fund which facilitates a full tax deduction for its investors through its section 12J certification.
The SARS incentive, a critical growth enabler to the South African economy, keeps investment funds onshore and stimulates high growth and job-creating industries like tourism.
Its founder Gidon Novick formerly founded kulula.com and the SLOW lounges as Co-chief executive of Comair.
The co-directors are Andrew Kuming, head of leading urban developer K&S and Graham Wood, former head of Tsogo Sun.
Home* Suite Hotels’ first hotel will open on the corner of Oxford and Bristol Roads in central Rosebank next week and will be followed by additional hotels in Rosebank and Sandton in Johannesburg, and Sea Point, Gardens and De Waterkant in Cape Town, over the next 24 months.
The 25 to 80 key hotels will feature larger room sizes, a suburban feel and cutting-edge design by SLOW lounge creator Tonic Design.
Home Suite Hotels will be positioned in the gap identified between large 150+ room international branded hotels and high-end independent boutique hotels.
Supplied by: Lucid Ventures.
Guzzle Media