ShapeShifter

'People love living in our hotels. We’re at 80% occupancy'

People absolutely love living in our hotels… We’re running at just under 80% occupancy… Our apartments are full on weekends because people are staying for two or three weeks…

Marc Wachsberger, The Capital Hotel and Apartments

We open two new hotels every year. We’re looking to ramp that up… We know exactly what our clients want… you’ll soon find us in places like Bloemfontein and Nelspruit…

Marc Wachsberger, The Capital Hotel and Apartments

Marc Wachsberger is the Managing Director and founder of The Capital Hotel and Apartments, one of South Africa’s largest providers of fully serviced luxury apartments and hotel rooms.

Only 2% of accommodation in South Africa consists of "extended stay" apartment hotels such as those offered by The Capital Hotel and Apartments.

Globally, the figure is closer to 9%, so there’s much room for growth in this type of cost-effective, frills-free accommodation tailored to business travellers.

The Money Show’s Bruce Whitfield interviewed Wachsberger for his weekly “ShapeShifter” feature.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

We hear too much about the successes of entrepreneurs and not enough about their failures.

Marc Wachsberger, The Capital Hotel and Apartments

We were profitable in the first month… We made incredible profits [during the World Cup]…

Marc Wachsberger, The Capital Hotel and Apartments

Bankers hate hotels… We had to convince them and our shareholders… We’re very downside focussed…

Marc Wachsberger, The Capital Hotel and Apartments

We’re one of the leaders in conferencing.

Marc Wachsberger, The Capital Hotel and Apartments

We employ 500 people directly and another 500 indirectly, excluding those in construction.

Marc Wachsberger, The Capital Hotel and Apartments

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Meet Woolies slayer Shannon McLaughlin, founder of Ubuntu Baba Baby Carrier

Meet Woolies slayer Shannon McLaughlin, founder of Ubuntu Baba Baby Carrier

Ray White interviews McLaughlin, about three months after she shot to fame for taking on the alleged copycat, Woolworths.

Zande provides credit via phone to spazas in the form of the goods they sell

Zande provides credit via phone to spazas in the form of the goods they sell

Bruce Whitfield interviews Siya Ntutela of Zande, a platform that allows small retailers to apply for credit and make payments.

Jerry Mpufane (M&C Saatchi Joburg) on his way to New York to sell South Africa

Jerry Mpufane (M&C Saatchi Joburg) on his way to New York to sell South Africa

The Money Show’s Bruce Whitfield interviews Mpufane before he heads to the Big Apple as Hub Head for SA Tourism.

Adri Williams - Ubuntu personified - saved Khayelitsha Cookies and changed lives

Adri Williams - Ubuntu personified - saved Khayelitsha Cookies and changed lives

Bruce Whitfield interviews Williams about her transformative business delivering quality cookies to hotels and Pick n Pay.

The fascinating story of WeBuyCars (and why Naspers is pumping billions into it)

The fascinating story of WeBuyCars (and why Naspers is pumping billions into it)

The Money Show’s Bruce Whitfield interviews WeBuyCars founder Faan van der Walt for his weekly "ShapeShifter" feature.

Make money with farming (no land or dirty hands required)

Make money with farming (no land or dirty hands required)

Interested in farming as a "Hassel-free" side-hustle? The Money Show’s Bruce Whitfield interviews Grant Field, CEO at Fedgroup.

Popular articles
Meet Woolies slayer Shannon McLaughlin, founder of Ubuntu Baba Baby Carrier

Meet Woolies slayer Shannon McLaughlin, founder of Ubuntu Baba Baby Carrier

Ray White interviews McLaughlin, about three months after she shot to fame for taking on the alleged copycat, Woolworths.

Foreigners rule informal trading (outcompeting even Shoprite). Consumers win!

Foreigners rule informal trading (outcompeting even Shoprite). Consumers win!

About 20% of every rand spent in South Africa goes to informal stores, mostly foreign-run. GG Alcock on his book “KasiNomics".

Land Party threatens country shutdown if King Dalindyebo not released

Land Party threatens country shutdown if King Dalindyebo not released

Gcobani Ndzongana takes issue with Clement Manyathela on The Xolani Gwala Show for referring to the monarch as convicted criminal