A Cape Town High Court ruled Nicky Van de Walt’s management company had displayed “chutzpah of the first order” by occupying the Sea Point hotel since March 2017 without paying a cent to Ritz Plaza‚ which owned the property. The lease was for 20 years with a R1.3 million monthly rental. The news this week of the sale to a trendy overseas hotel company is a breath of fresh air for the hotel, which has been vacant for 7 years. The Top of the Ritz may get its turn again to light up Cape Town. | Nat
1:20
A Cape Town High Court ruled Nicky Van de Walt’s management company had displayed “chutzpah of the first order” by occupying the Sea Point hotel since March 2017 without paying a cent to Ritz Plaza‚ which owned the property. The lease was for 20 years with a R1.3 million monthly rental. The news this week of the sale to a trendy overseas hotel company is a breath of fresh air for the hotel, which has been vacant for 7 years. The Top of the Ritz may get its turn again to light up Cape Town. | Nat
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