Rainbow Tourism Group Expands Its Footprints Into South Africa With More Than Five Million Us Dollar New Hotel Acquisition In Cape Town

Published on August 26, 2025

Rainbow Tourism Group (RTG), a well-established subordinate successful Zimbabwe’s hospitality industry, is group to make a important move into South Africa pinch nan acquisition of a premier commercialized spot successful Cape Town. The $5.6 cardinal (roughly R100 million) acquisition is portion of RTG’s semipermanent description strategy and will toggle shape nan seven-storey building located on Buitengracht Street into a branded edifice nether a business pinch a starring world edifice group.

This maturation is simply a first milestone for RTG, arsenic it positions its spot successful nan South African tourism and hospitality sector. The Cape Town building, which is presently a commercialized finance property, will beryllium renovated done adaptive reuse and refurbished to world hospitality standards, providing an upscale acquisition for some leisure and business travelers.

Strategic Location and Growth Potential successful Cape Town

The acquisition of nan spot successful Cape Town comes pinch a premium location, situated on 1 of nan main routes into nan Central Business District (CBD), offering high visibility and pedestrian traffic. The property’s proximity to cardinal attractions specified arsenic nan V&A Waterfront, Cape Town International Convention Centre (CTICC), and nan DHL Cape Town Stadium makes it an perfect location for some Meetings, Incentives, Conferences, and Exhibitions (MICE) tourism and wide leisure travel.

RTG’s vision for nan spot is to create it into a high-impact asset successful nan region’s hospitality landscape, attracting some international and domestic tourists. Mari emphasized that nan cultural, culinary, and recreational offerings successful nan surrounding area would further heighten nan hotel’s appeal.

A Major Boost for Tourism and MICE successful Cape Town

Cape Town is simply a globally recognized destination known for its divers offerings, including earthy landscapes, humanities landmarks, and thriving taste and leisure attractions. The acquisition aligns pinch RTG’s strategy to pat into nan Meetings, Incentives, Conferences, and Exhibitions (MICE) segment, a quickly increasing area of tourism successful South Africa. The location’s proximity to nan CTICC, a key MICE venue, makes it well-suited to pull firm clients and business events.

The move besides contributes to nan growth of Cape Town’s tourism industry, which is progressively seen arsenic a apical international tourism hub. RTG’s caller development will complement nan city’s existing infrastructure, offering quality accommodations for business travelers, convention delegates, and visitors visiting nan metropolis for leisure.

Funding nan Acquisition: A Step Toward Regional Expansion

To finance nan hotel acquisition, RTG has secured a $6 cardinal loan from a Zimbabwean financial institution. This loan, which carries a fixed liking complaint of 12.5% per annum, will summation nan company’s gearing ratio from 9% to 32% erstwhile nan transaction is completed. The indebtedness installation will thief money nan capital expenditures needed for nan hotel transformation while providing RTG pinch nan financial elasticity to execute its expansion plans.

This strategical acquisition and nan financing arrangements underscore RTG’s commitment to growth successful nan hospitality sector, not only successful Zimbabwe but besides successful neighboring markets for illustration South Africa. The institution intends to found a strong presence successful nan regional tourism industry, enhancing its global profile and contributing to nan maturation of nan tourism economy successful some countries.

The Future of RTG: A Focus connected Regional and Global Hospitality Excellence

The acquisition of nan Cape Town property and nan consequent translator into a branded hotel marks nan opening of a caller section for Rainbow Tourism Group. The company’s description into South Africa will supply valuable vulnerability to international champion practices successful hospitality operations, customer experience, and service excellence.

This improvement is portion of a broader effort to pat into nan increasing global tourism market and supply world-class accommodations successful strategical locations. RTG’s partnerships pinch international edifice brands will alteration it to connection premium services that meet nan expectations of modern travelers while contributing to nan local tourism economy.

The attraction connected high-quality accommodations and nan integration of local culture pinch world standards ensures that nan caller edifice will beryllium an charismatic prime for tourists, business travelers, and conference delegates. As tourism demand successful South Africa continues to rise, RTG is well-positioned to capitalize connected this growth, expanding its footprint successful nan region while delivering exceptional work to its guests.

Strengthening nan Hospitality Sector and Boosting Tourism

The opening of nan Cape Town edifice task by Rainbow Tourism Group is simply a milestone successful nan description of nan institution wrong nan region and its dedication to offering nan highest value hospitality services wrong South Africa. Through finance successful value tourism infrastructure and sustainable growth, RTG is not only adding to nan economical improvement of Cape Town and South Africa but besides emerging arsenic an important subordinate successful nan hospitality assemblage successful Africa. The caller edifice will reenforce tourism linkages, boost location tourism, and further found RTG’s activity connected nan world’s tourism map. As nan institution grows and develops further, it will surely person a important domiciled successful mounting nan schedule for nan early of nan location tourism and hospitality industries.