The Mövenpick Hotel & Residences Nairobi, which will target business travellers and local big spenders, is a 15-storey property owned by regional real estate developer, Golf Course Hotel (K) Limited.
The hotel features a revolving tower with panoramic downtown views and extensive dining, leisure and meetings facilities.
“Sub-Saharan Africa is forecast to be the fastest growing region in the world over the next five years with a projected GDP growth rate of 4.8 per cent from 2014 to 2018, according to research by Deloitte,” said Alan O’Dea, Senior Vice President Africa, Mövenpick Hotels & Resorts.
“It is therefore crucial we get a strong foothold in this market, which is undergoing a trade and investment boom right now, and our three new properties are well positioned to capitalise on the economic growth projected across both East and West Africa.”
Mövenpick Hotels & Resorts’ African portfolio presently consists of 23 hotels, resorts, and cruise ships spanning five countries including Morocco, Egypt, Ghana and Tunisia.
Global hotel brands are increasingly expanding to Nairobi as the city’s status as regional business hub continues to rise.
Last month, South African hotelier Mantis announced that it would partner with the Kenyan-based Monarch to refurbish the 84-room Chester House Apartment Hotel on Koinange Street in Nairobi to include luxury five-star suites.
New York-based hotel group Carlson Rezidor has also announced plans to open a second high-end Radisson Blu hotel in Nairobi next year.
The 123-room hotel will be Carlson Rezidor’s third project in Nairobi, and the group’s fifth Radisson Blu brand in Africa. Earlier this year, the chain opened its first Nairobi hotel, with 271 rooms, in Upper Hill.