Real Estate Investor Magazine South Africa September 2018 | Page 9

MASTER INVESTOR
Major disruptor in the
hospitality sector
KEY STATS:
Age: 37 years old
Current position: Managing Director, The Capital
Hotel and Apartments
Family: Married with 3 children
Favourite book: From Good To Great by Jim
Collins
Inspiration: Brian Chetty, Airbnb
M
arc Wachsberger, a visionary and entrepreneur
by heart, is the Managing Director of the dy-
namic Capital Hotel and Apartments group. He
is disrupting the traditional age-old hospitality space and
conventional hotel industry model and has built the Capi-
tal into a leading supplier at the forefront of the corporate
hotel industry.
Marc studied finance at Wits University and then did a
CFA program. He first started his career cutting his teeth
in corporate finance, coordinating mergers and acquisitions
in the mining sector. He then started his own private equity
firm called Intamarket Equity and Advisory.
The Sandton area in Johannesburg has had its fair share
of both under- and over-supply of accommodation over
the years. Marc spotted the gap for affordable long-term
BY NEALE PETERSEN
accommodation in Sandton and subsequently set up Exec-
utive Apartment Hotels (EAH), which was later rebranded
The Capital, to take advantage of the opportunity.
Light-bulb moment
The Capital’s business model sparked from a building called
The Hydro in Rosebank, which had 240 apartments for sale.
Every buy-to-let investor was looking for an apartment
and a tenant, and tenants seemed to always need property
management services. Marc saw the solution – they would
be the tenant, the property manager, and the lease holder.
Once they pay the apartment owner or investor, they can
focus on renting out and managing the hotel apartments.
Marc says, ‘Getting into the buy-to-let property market
can be tough, but with us as a tenant, you have a guaranteed