Tag: Johannesburg real estate

Atterbury auctions City Lodge Newtown for $3.5 million, eyed for residential conversion
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Atterbury auctions former City Lodge Newtown after closure in South Africa

Atterbury Property has sold a shuttered hotel in Johannesburg, a move that reflects how developers are rethinking the future of inner-city real estate as demand shifts away from traditional hospitality.  The former City Lodge Hotel in Newtown, once marketed as a base for exploring the city’s cultural district, was auctioned for close to $3.5 million, according to market estimates. The…

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