International luxury brand OKU Hotels has acquired the former Ritz Hotel in Sea Point, Cape Town.
The 23-storey hotel, which opened in 1972 and became known for its revolving rooftop restaurant, closed in 2015.
OKU Hotels, which operates properties in Trkiye, Greece, Ibiza and Spain, confirmed it will restore and renovate the building. The reopening date has not yet been confirmed.