Property Description
4 Star Hotel For Sale [Commercial Property]
Location: Thika Superhighway/Nairobi
Sits on a 1/4 acrepiece of land
FACILITIES
Old Wing Accommodation [3 storeys]
Large Restaurant
1 Sportsbar [On The Ground Floor]
1 Rooftop bar
1 Basement Bar and Lounge
1 Large Coffee Shop[Java]
4 Conference Halls of Capacities 15,30,50 and 100 respectively
2 Floors [Old Wing] – Available for redevelopment i.e. Gym, Spa, Salon, Halls, Rooms etc
Staff Changing Rooms and Canteen
Ample Parking in front of hotel
Financial Highlights Rooms
New Wing – Full Capacity 84 of which 42 rooms are up to 90% completion. The remaining 42 rooms are 70% completion.
The estimated revenue of 84 rooms @4000 at 60% occupancy, annual KSH 72,576,000.
Old Wing – Full Capacity 40 Rooms up to 50% Completion.
Estimated Revenue of 40 Rooms @2,000 at 80% occupancy, annual KSH 23,040,000.
Estimated Annual revenue from Operations i.e. All 3 Bars, restaurant, coffee shop[Java], Spa and Salon, Gym and Accommodation.[Not Including Conferences and Hall Functions] annual @ KSH 150,000,000
GROSS ANUAL TOTAL REVENUE KSH 245,616,000 Prime is KES 400,000,000 or a Joint Venture…. upwards of KSH 200,000,000.
