Luxury South African hotel hits the market for R114 million

• The luxury South African hotel, The Park Avenue Boutique Estate, has been listed for R114 million.
• The estate spans 8,527 square meters and features multiple villas, a manor, a spa, and premium facilities, with a comprehensive hotel zoning that took two years to complete.
• The listing of the luxury hotel estate is expected to attract significant interest due to a shortage of hotel-zoned properties in the area and the strong growth of the Hout Bay property market.