Industry Update
Press Release 5 October 2020

South Africa's Flyt Property Investment launches new hospitality group, WINK Aparthotels

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Flyt Property Investment

The talk on the hospitality street is what Level 1 is going to do for the industry - how has lockdown affected the hotel landscape and its offering, will it recover, and what does the future hold? Local tourism is likely to drive this recovery until our international borders re-open, but what is this post-Covid guest looking for in terms of accommodation?

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The upside is that the downtime has allowed for some re-thinking and re-invention from the hospitality sector - behind closed doors much has been deliberated and carefully considered and despite the odds the industry has rallied and risen from the ashes - they are ready to open their doors again and offer the excellent service and facilities that have become synonymous with the hospitality sector in South Africa.

Enter WINK Aparthotels, an exciting new hospitality group launched by Flyt Property Investment, who have pooled their existing and ever-growing property portfolio into a hospitality offering that ticks all the boxes in terms of innovation, functionality, affordability and accessibility, perfectly positioned to offer short- and long-term accommodation solutions in Cape Town.

Zane de Decker, MD of Flyt Property Investment, says that their offering aims to provide guests with the convenience of apartment living combined with the luxury and comfort of a hotel. "Pre-Covid we already saw a turn towards aparthotels, self-catering apartments and Airbnb type accommodation - more and more people are opting for aparthotels versus full-service hotels as they prefer that home-away-from-home atmosphere which allows them more flexibility, privacy and/or a fully-serviced option."

WINK Foreshore and WINK Eaton Square in Diep River both feature fully-furnished, self-catering apartments and studios with kitchens and kitchenettes for short- and long-stay rentals. A meal delivery service is available to guests and tenants, as well as a daily or weekly cleaning service in line with National Health and Safety requirements. There is fast, stable Wi-FI connectivity and on-site facilities include a concierge and innovative common areas, along with the newly launched WINK Café that is open throughout the day for a healthy fix.

Head of Hospitality, Lauren Barnard says that they have created a bespoke, contemporary accommodation solution that caters to domestic and international business and leisure travellers, digital nomads and migrant workers: "There is something for everyone."

Plans are afoot to add another aparthotel in Stellenbosch to their portfolio within the year.

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WINK Aparthotels

The WINK Aparthotels group manages a collection of trendy aparthotel properties throughout Western Cape in South Africa, providing the modern traveller with bespoke accommodation solutions - the convenience of apartment living and the comfort and luxury of a hotel all beautifully moulded into one.
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About Flyt Property Investment

Flyt Property Investment is a Cape-based property development and investment team committed to finding opportunities that challenge the status quo. We work in the public domain on spaces that have the potential to change things. We never shy away from complex problems and believe in finding the solutions from within, unlocking opportunities through innovation, taking a different angle, thinking intelligently and laterally.

Flyt buy, develop and add value to property through joint venture and independent projects. We maximise return by completing rigorous project evaluations upfront, by co-investing in work we believe in, and by closely managing our business. We currently have 5 projects actively on the go and our pipeline is a very exciting one. We've stuck to our recipe of creating wealth for our shareholders, all the while contributing positively to the built environment and progressive landscape of the Cape.

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