Pride Inn group of hotels has taken over Azure hotel, located in Nairobis Westlands area.
The deal is on a revenue sharing contract with a possibility of fully acquiring it in the course of the year.
This new management contract will see the two investors use profits to strengthen the operational efficiency of the PrideInn Azure hotel -in line with world class best practices that suit the local market.
The Pride Inn Group of hotels is also looking to expand and grow its footprints in Kenya and Africa at large using this new model of revenue sharing management contracts.
This is a model that will allow the group to invest in new facilities and acquire more hotels.
The new PrideInn Azure located on Lantana road will be the group’s 9th hotel.
This comes two years after it acquired another beach resort in Shanzu, Mombasa.
During the takeover, PrideInn Managing Director Hasnain Noorani commented on the state of the hospitality industry in Nairobi.
He said tourism is growing despite the challenges they are facing and strongly urged the government to chip in and help in resolving the current problems.
“Tourism and the hospitality industry have been growing. We are strong, we are solid, and we are moving forward despite challenges. We need to have a 20,000-seater international conference facility in Nairobi. Contribution from tourism alone is enough to do this. I urge the president to do this or allow me do it myself,” Said Noorani.
The Azure Hotel has 165 luxurious rooms and eleven modern conference rooms.
Vishal Pindoria, Managing Director Azure Hotel said that the hotel was looking to grow and get better revenues.
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