Rainbow Tourism Group (RTG) is expanding into South Africa with a $5.6 million acquisition of a prime property in Cape Town. The seven-storey building along Buitengracht Street will be transformed into a branded hotel, targeting leisure and MICE travelers. Strategically located near the CBD, V&A Waterfront, and CTICC, the hotel is set to enhance Cape Town’s tourism infrastructure, boost regional economic growth, and solidify RTG’s presence in Southern Africa’s hospitality sector.
RTG expands into South Africa with $5.6M Cape Town hotel.
Published On :
August 29, 2025
August 29, 2025
Anamika Chauhan is a Senior Content Writer at TBO Academy. Specializing in B2B content, she works closely with the marketing team to bring out the outlook about the industry in her write-ups. Connect with her on LinkedIn or write to her at anamika.chauhan@tbo.com