Meet the young man who transformed accomodation business - Marc Wachsberger

Marc Wachsberger is the founder and MD of a hotel company, The Capital Hotel Group.

Wachsberger started with two small leased properties in 2008 ahead of the Soccer World Cup.

Today, The Capital Hotel Group owns six properties across Sandton including The Empire, Moloko, 20 West, Villa, Hydro and Esprit with another five at various stages of development around the country.

When asked how he came up with such a business, Marc said:

We started in 2008 at the heart of a boom that hotels were over prized and the residential property, so we saw a gap.

Marc Wachsberger founder and MD of The Capital Hotel Group

Listen to the conversation between Redi Tlhabi and Marc Wachsberger of The Capital Hotel Group:

Wachsberger used the world cup as an opportunity to sub-let apartments to business travellers who wanted longer term stay and didn’t want to stay in hotels. He says many people who came into the country at the hype of the world cup preferred executive apartment.

We were a bit unique as an executive apartments which were a bit spacious than a hotel room. We had a niche and people liked us and allowed us to grow.

Marc Wachsberger founder and MD of The Capital Hotel Group

When the excitement of the 2010 soccer world cup was over many businesses that capitalised on it died, but how did Marc survive that?

In life if you do something really well and stand out, there’s always an opportunity for success

Marc Wachsberger founder and MD of The Capital Hotel Group
Read More
Naked Scientist: Your skin has a memory

Naked Scientist: Your skin has a memory

A new study has shown skin cells can remember previous injuries and respond faster if the same patch of tissue is injured again.

Why low sexual desire is not 'abnormal'

Why low sexual desire is not 'abnormal'

Low sex drive is common and non-sexual relationships can also be fulfilling, explains clinical sexologist Dr Eve.

Man wants end to six-year marriage after wife refuses to cook for him

Man wants end to six-year marriage after wife refuses to cook for him

Geoffrey Matovu filed for divorce in the Family Division of the High Court accusing Ms Tryphena Nakiyingi of being disrespectful.

Why 'I believe you' are important words for sexual assault survivors

Why 'I believe you' are important words for sexual assault survivors

Not In My Name's Siyabulela Jentile says supporting sexual assault survivors could potentially help prevent any further abuse.

Blessee's taste of the 'champagne lifestyle' told in new book

Blessee's taste of the 'champagne lifestyle' told in new book

This is the story of Bontle Tau, a woman who exploits her looks to access material success and juggles her three main 'blessers'.

Know about a project that encourages enterpreneurship at a young age

Know about a project that encourages enterpreneurship at a young age

Young entrepreneurs pocket money market project encourages self employment a viable option for young people.

Popular articles
Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.

CT airport shooting attempted hit on gang boss allegedly linked to '28s' -expert

CT airport shooting attempted hit on gang boss allegedly linked to '28s' -expert

A policing expert explains that the airport shooting may be linked to the shooting at a Stellenbosch nightclub this past weekend.

Almost 30 million SA ID numbers compromised after site hacked

Almost 30 million SA ID numbers compromised after site hacked

Independent Marketing Consultant in the Technology Space, Andrew Fraser says this looks like a leak and not a hack.

Cape Town International Airport shooting could be gang related - ACSA

Cape Town International Airport shooting could be gang related - ACSA

The incident happened in the early hours of Wednesday morning.

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.