In Summary
  • The portfolio includes the 680 Hotel located at the Nairobi Central Business District, Boulevard Hotel on the fringes of the central business district along Harry Thuku Road, Castle Royal Hotel situated in Mombasa on Moi Avenue, and Elementaita Lodge on the shores of Lake Elementaita.
  • Kenya and South Africa are tipped as the next continental hotspots in luxury hotel investment.

The Sentrim Hotel portfolio associated with a Kenyan-Indian billionaire investor has been put up for sale.

The portfolio comprising eight hotels could go for tens of billions of shillings according to estimates by the Nation.

It could not immediately be established why Sentrim had put its estate on sale. The firm has contracted property manager Knight Frank to oversee the process.

The eight hotels operated by Sentrim are in Nairobi, Mombasa, Nakuru, Tsavo, Samburu, Maasai Mara, and Amboseli.

“Knight Frank has been exclusively instructed to present for sale the entire Sentrim portfolio comprising three unique prime city investment and redevelopment properties and five excellently located lodge/tented camp properties,” Knight Frank said in an advertisement posted in newspapers on Thursday.

The assets will potentially be sold together or separately, Knight Frank added.

“The portfolio is offered for sale as a whole or as individual assets by way of informal tender at a date to be confirmed.”

TOURISM

The portfolio includes the 680 Hotel located at the Nairobi Central Business District, Boulevard Hotel on the fringes of the central business district along Harry Thuku Road, Castle Royal Hotel situated in Mombasa on Moi Avenue, and Elementaita Lodge on the shores of Lake Elementaita.

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