The Accor-owned luxury hotel firm will turn Cape Grace, which is located in the V&A Waterfront area, into a fully branded Fairmont property by the end of this year.
The 120-room property, which features iconic Table Mountain as a backdrop, will be rebranded as the Cape Grace by Fairmont. The move comes after the hotel was purchased by Kasada Hospitality Fund.
Mark Willis, CEO of Fairmont Hotels & Resorts, said: “We are noticing a real momentum in South Africa for luxury hotel brands, and we couldn’t think of a more iconic hotel than Cape Grace to establish our footprint in the country.
