St Lucia is located within uMkhanyakude District Municipality within Mtubatuba Local Municipality, KwaZulu-Natal. Ntombela and Mkhize (Pty) Ltd prepared a business plan in 2009 for the development of a proposed hotel in St Lucia.
At the time, the proposed location for the hotel was at Lot 322, Mackenzie Street in St Lucia. Since the preparation of the business plan in 2009, it was identified that the proposed site was subject to significant environmental challenges and an alternative site was therefore identified.
The site was previously partly used as an illegal dumping site and it is owned by the Mtubatuba Local Municipality and is approximately 45.9 ha in extent. Approximately 1 ha of the property is earmarked for the development of the hotel.
It is understood from engagement with the iSimangaliso Wetland Park Authority that the Authority is responsible for issuing the development rights to the site and that a Public-Private Partnership (PPP) process would be required.
Tourism KwaZulu-Natal requested assistance in conducting a Feasibility Study and Business Plan for a proposed hotel in St Lucia in northern KwaZulu-Natal.
The main objective of this project was to conduct a feasibility study and develop a business plan for the St Lucia Hotel development project.
The study needed to consider and identify:
Assessments of the following were also provided:
The project was completed in April 2017.
CLIENT NAME: Grant Thornton PS Advisory
LOCATION: KwaZulu-Natal Province, South Africa
PROJECT DURATION: 5 Months
START DATE: September 2016
END DATE: February 2017