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.
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:
Recommendedby NEWSROOM AI
Spartan SME Finance provides finance for small businesses. Bruce Whitfield interviews its CEO, Kumaran Padayachee.
Justin Bonello (of the show "Cooked") is the founder of Neighbourhood Farm. It employs unskilled community members to farm.
Lulaway has placed 30 000 young South Africans in jobs since 2011. Bruce Whitfield interviews its CEO, Jake Willis.
Bruce Whitfield interviews Phillip Retief, CEO at Van Loveren Vineyards, the origin of the SA's top-selling wine, "Four Cousins".
Bruce Whitfield interviews Williams about her transformative business delivering quality cookies to hotels and Pick n Pay.
[From the archives] Ray White interviewed Johnny Clegg on 27 September 2017 about his life and times and final journey.
Bruce Whitfield interviews Anthea Gardner, author of "Make Your Money Work for You: Think Big, Start Small".
Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).
The reason for the leakage has been revealed, explains Table Mountain Aerial Cableway MD Wahida Parker.
Andile Ndlovu is a dancer with the Washington Ballet but is currently back in South Africa in Sleeping Beauty at the Artscape.
W Cape Traffic Chief Kenny Africa says private security working with the department is helping curb the stonings on the highway.
Gift of the Givers fears two South African men who went missing in Vietnam may have fallen prey to an organ harvesting syndicate.
Susan Galloway talks to Melanie Rice about the extensive public interest in the Packham and the Van Breda murder trials.
EFF's Mbuyiseni Ndlozi says the party was not aware of Mazzotti's alleged links to the underworld when it accepted party funding.