Premier Hotels & Resorts has acquired the Cutty Sark Hotel in Scottburgh, KwaZulu Natal.
The property will undergo a R150m (€9.1m) renovation from the middle of next year, following an environmental study.
The hotel will be expanded from 56 to 150 rooms and will advance to four-star status.
Samuel Nassimov, Premier Hotels & Resorts’ Founder and MD, says: “We have big and exciting plans to maximise this property’s potential. With its unique positioning right on the beach, bordering a beautiful estuary and adjacent to the world-famous Aliwal Shoal diving site, the potential for local and international adventure travel is huge.”