Squeezing the Orange | Cape Business News

THE Cape Town hotel industry has taken enormous strain during the prolonged Covid-19 pandemic, and the recovery is likely to be challenging for a number of operators.

But some property owners are managing to find some inventive solutions to manage the risks still prevalent in the convalescing hospitality sector.

Take local property group Spear, which is looking to squeeze better returns at lower risk from its 15-on-Orange hotel – a plush property located close to the parliamentary and law precincts in central Cape Town.

Last month Spear – which is mainly centred on retail, commercial and industrial real estate – exercised its right to terminate 15-on-Orange’s lease agreement with Luxury Hotels International…

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