News from Dale Capital


Dale Capital, the new owners of the Shelley Point Hotel, country club, spa, gymnasium, golf shop and related facilities
have announced that they are going ahead with the building of a second accommodation block.

DALE CAPITAL WILL SELL HALF THE SUITES AT NEW SHELLEY POINT HOTEL

Suites will go into a rental pool with a guaranteed return

Dale Capital, the new owners of the Shelley Point Hotel, country club, spa, gymnasium, golf shop and related facilities announced this week that they are going ahead with the building of a second accommodation block, very similar in style and size to the first, newly-completed block. This means that by May 2010 the Shelley Point Hotel will have 88 suites.

Allan Burgoyne, who is Dale Capital’s resident CEO at Shelley Point, said that approximately half of the completed suites and those which will come on stream next year will be sold under sectional title at prices between R1,1 and R1,3 million. All will be fully furnished to standards and styles specified by Queensgate, Dale Capital’s leisure, spa and hotel development and management company. (This is the 12th hotel in their portfolio, some of the others being the well-known Radisson Hotel in the V&A Waterfront at Cape Town and the Tinga Game Lodge at the Kruger Park.)

The furnishing of the units will enable Queensgate to rent them out for both short and long terms. It will also assist them to realise their ambition of making Shelley Point a major conference venue. To this end, Dale Capital have agreed to fund an expansion of the existing conference facilities, doubling up the space currently available and making the facility capable of seating up to 150 people. Also available are several smaller conference rooms, each suitable for seating ten to twelve people. All conference facilities have audio-visual equipment.

Burgoyne said that both the hotel and the conference section benefit from their close proximity to the Wellness Centre, the gymnasium and the resort’s nine hole golf course, which, he said are all top-of-the-range facilities, well up to international standards and already attracting people from all over the Western Cape.

“We believe that Shelley Point is destined to become the leading Cape West Coast resort. It has made a name for itself for high design standards and landscaping and the fact that in ten years the value of homes here has multiplied by a factor of eight tells you just how successful it has been to date. We see ourselves being able to capitalise on this success and to add value to an already attractive venue.”

Burgoyne said that Dale Capital will be building a Beach Club on the shores of St Helena Bay, which offers some of the best boating, fishing, sail-boarding and whale watching waters in Southern Africa. The club, he said, will be similar to a club of this type operated by Queensgate in Mauritius and will serve its clientele 16 hours a day.

Those buying into the sectional title suites will have the option of getting a guaranteed fixed return for a specified period or of letting their return be subject to demand – which could result in a higher income. All owners will be able to occupy their units for up to 30 days per year.

For information on suite sales at Shelley Point contact Martha van Niekerk on 083 454 5641.