City Edge Hotel & Suites, part of The Edge will consist of 45 sectional title units operating in a rental pool run by Relais Hotels. Owners will be able to tap into the Cape tourist market where volumes are set to rise by 10 to 12% per annum over the next three years. An investment here is estimated to generate an annual return of 7.8 to 8% from day one with STAG subsidizing the marketing of the Hotel in the first year of operations.

The three star bracket will place The City Edge Hotel & Suites in the fastest growing category in the hotel business.

The hotel suites will all be self-catering with electric ovens, gas stoves and microwave ovens. They will also be air-conditioned and the complex will have full wi-fi coverage. There will also be an Internet café in the complex.

The apartments will vary in size from 49m² to 80m². Suites will be fitted out and decorated by Caroline Osborne of Seed Design and Relais Hotels will be aiming for a three star grading with four star fittings. Work is expected to start early in the new year (2009) and to be complete in the first half of 2010.