Imperial Bank owners to build Sh2 billion hotel
The owners of Imperial Bank have partnered with a Malaysia-based hotel chain to construct a Sh2.2 billion budget hotel in Westlands by July next year. Tune Hotels will build their first African hotel in Kenya in a joint venture with the Imaran Group, a Kenyan investment firm that also built properties such as Imperial Court in Westlands, Kivulini in Thika and Mvuli Suites in Ngara.
The 12-storey hotel will have 280 rooms, which will be offered on a limited service model where customers only pay for what they use during their stay.
Tune Hotels joins a growing list of global hospitality brands that have set up shop in Kenya in the last two years looking to benefit from increased luxury and business travel.
“Tune Hotels Group plans to invest about $25 million (Sh2.2 billion) in its new hotel in Kenya,” Mark Lankester, the group chief executive officer, said in Malaysia last week.