The Palace of the Lost City was the hotel in South Africa most visited by the super-rich in the year to June 2014, according to a new report by research company New World Wealth.
The Lost City is part of the Sun City development, a luxury casino and resort situated two hours north-west of Johannesburg. It was originally developed by hotel tycoon Sol Kerzner in the 1970s. The resort comprises a number of hotels as well as leisure facilities such as golf courses and a water park. The majority of its multi-millionaire guests came from the US, the UK and Europe.
Other properties popular among the wealthy include the Michelangelo, the Table Bay and the Sandton Sun.Top 10 hotels for multi-millionaire visitors (rounded to nearest 100)
|Hotel||Location||Number of multi-millionaire visitors per year|
|Lost City and Sun City||North West||900|
|The Table Bay Hotel||Cape Town||600|
|Belmond Mount Nelson Hotel||Cape Town||400|
|Cape Grace||Cape Town||400|
|Twelve Apostles Hotel and Spa||Cape Town||300|
|The Oyster Box||Umhlanga||200|
According to the report, South Africa received around 12,000 multi-millionaire (with net assets of at least $10m) visitors over the period.
New World Wealth says the Michelangelo and Sandton Sun are mainly used by business visitors, while the Cape Grace and the One&Only are favourites among yacht owners.
To compile its report, New World Wealth conducted individual surveys and events tracking.