PrideInn Chain of Hotels Acquires Azure Nairobi

PrideInn Chain of Hotels Acquires Azure Nairobi

PrideInn chain of hotels has acquired Azure Hotel under a management contract as it looks to grow its portfolio in Westlands an upmarket part of Nairobi city.

Azure Hotel Nairobi will now be known as Pride Inn Azure.

“We As PrideInn Hotels Have Added Azure Hotel As One Of The PrideInn Hotels. This Is Big!! You Can Now Feel the PrideInn Touch In Azure Hotel Now Pride Inn Azure,” announced the Group via Tweeter feed.

Mr. Hasnain Noorani, Prideinn Group Managing Director & Founder said, “Tourism and the hospitality industry at large have been growing. We are strong, we are solid and we are moving forward despite the challenges that we have. But the potential in many counties in Kenya is untapped and it’s massive even in Nairobi itself.”

PrideInn chain of hotels has acquired Azure Hotel under a management contract

The hotel offers 164 contemporary well-appointed spacious rooms, multi-cuisine all-day dining restaurant, Garden View Bar, over 20000 sq ft of banquet space, an outdoor swimming pool, fitness center, spa, and a casino. 

PrideInn Chain of hotels in Westlands will consist of PrideInn Westlands, PrideInn Raphta and PrideInn Lantana Suites. This will be in addition to PrideInn Paradise Beach Resort and Spa, PrideInn Flamingo Beach Resort, PrideInn Mombasa City, PrideInn Nyali and PrideInn Diani.

“The move also affirms Nairobi’s vibrant hospitality sector that is driven by; (i) Nairobi’s status as a key financial hub in Africa, which attracts business and Meeting, Incentives, Conferences and Exhibitions (MICE) travelers, (ii) relatively good infrastructure, and (iii) the government’s open sky policy that has enhanced the ease of movement for Africans, thereby attracting tourists and investors,” comments Cytonn Real Estate.

In 2019, Kenya’s hospitality sector registered improvement in performance, evidenced by the 0.2% points increase in the serviced apartments rental yield to 7.6%, from 7.4% recorded in 2018, attributable to increased demand, which triggered an increase in charge rates. 

“Given the country’s improved security, political stability, the continued marketing of Kenya as an experience destination and improved air transport and flight operations we expect the number of international arrivals to grow by an annual appreciation of 6.7% to approximately 2.3 mn in 2020, resulting in a greater demand for hospitality services,” Cytonn Investments said in its 2020 Markets Outlook.