Sharp Daily
No Result
View All Result
Friday, August 8, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home Investments

PrideInn Acquires City Hotel Along Mombasa Road

Editor SharpDaily by Editor SharpDaily
June 16, 2022
in Investments, News
Reading Time: 3 mins read
Prideinn Group chairman Shabir Kassam (L), Prideinn Group Founder and Managing Director Hasnain Noorani (M) and Azure Hospitality Group MD Punit Pindoria. [Photo/ Courtesy]

Prideinn Group chairman Shabir Kassam (L), Prideinn Group Founder and Managing Director Hasnain Noorani (M) and Azure Hospitality Group MD Punit Pindoria. [Photo/ Courtesy]

Hospitality group PrideInn Hotels, Resorts and Camps has acquired a new four-star hotel to its rich portfolio as part of its plans to increase its footprint to all 47 counties across Kenya.

Dubbed PrideInn Plaza, the luxury hotel is situated in Signature Mall, an ultra-modern quintessential shopping facility located at the end of the newly constructed Nairobi Expressway in Machakos County.

PrideInn Plaza boasts 64 spacious and tastefully designed luxury rooms and suites. It also includes nine conference halls that can host hundreds of business executives at a go.

Read: Nigeria’s Eden Life Expands To Kenya, Acquires Lynk

RELATEDPOSTS

No Content Available

The hotel’s facilities and amenities include high-speed Wi-Fi, a multi-cuisine restaurant, a lounge, a sky view bar, and round-the-clock room services.

Hasnain Noorani, the Group’s Founder and Managing Director, said the launch of the establishment would fill the persistent gap in the meetings, incentives, conferences and exhibitions (MICE) in Machakos and Nairobi counties primarily.

“With the ongoing recovery of the Kenyan economy, local and international companies have revived conferences. That is where we come in. PrideInn Plaza is strategically located to host conferences from any part of the country. The hotel has a conference capacity of more than 2,000 business executives,” Noorani said.

Read: Nigeria’s Access Bank Buys Centum Stake In Sidian Bank For Ksh4.3 Billion

Apart from business meetings, the hotel is ideal for tourists staying in Nairobi or those intending to transit to other towns.

According to Noorani, the hotel enjoys direct access to and from Kenya’s main international airport, the Jomo Kenyatta International Airport, via the Nairobi Expressway.

It also enjoys proximity to the Nairobi Central Business District, which has been helped by the new expressway.

“The hotel is also ideal for people making a stop-over on their way to places, including Mombasa, Amboseli National Park, Tsavo National Park and the Namanga Border,” Noorani said.

Read: Jack Ngare Joins Google Cloud Days After Leaving Microsoft

PrideInn Plaza is also ideal for exhibitions and fairs, weddings, baby showers, birthday parties, bridal showers among others.

The company takes over the hotel from Azure Hospitality Group under the ongoing management contract that was initiated in 2020. Under the deal, PrideInn will manage the hotels for Azure Hospitality Group, with the latter guaranteed a monthly income.

“Under the proposal, PrideInn comes in as a management company to operate the hotel on your behalf using our own company. It’s very similar to a lease model except that the monthly lease amounts vary based on the percentage of total top-line revenue generated by the hotel determined using the Global hotel software,” he said.

The management takeover of PrideInn Plaza comes a month after the group acquired PrideInn Mara Camp from Azure Hospitality Group. The luxury camp is located in Maasai Mara in Narok County. It sits on a 25-acre piece of land along River Talek banks and comprises 41 cottages, a 70-seater deck restaurant, a 700-hotel room capacity and 15 safari tents.

Read: Nigeria Pays Ksh840M For Additional Stake In Shelter Afrique

Noorani said the decision to take up the new hotels comes even as the tourism sector shows continued improvement in performance following the hardships caused by the COVID-19 pandemic.

“Since the country’s reopening in 2021, we have seen an increase in the number of tourist arrivals into the country for conferences, sports activities and leisure,” he said.

PrideInn Plaza becomes the eighth hospitality establishment under the PrideInn badge. Others are the group’s flagship PrideInn Paradise Beach Resort and Spa in Shanzu, Mombasa, PrideInn Flamingo Beach Resort also in Shanzu, Mombasa, PrideInn Mombasa City, PrideInn Nyali, PrideInn Diani, PrideInn Azure in Nairobi and the newly opened PrideInn Mara Camp in Narok County.

The group currently commands over 800 luxurious rooms operating under two brands, namely Premium Brands and Comfort Brands. Its overall conferencing capacity is over 7,500 in just over a decade of operations.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Nigeria Pays Ksh840M For Additional Stake In Shelter Afrique

Next Post

Zurich Based Waste Management Firm HZI Enters Kenya

Editor SharpDaily

Editor SharpDaily

The latest in business, real estate, education, investments, tech and entrepreneurship, brought to you daily. Reach us through thesharpdaily@gmail.com

Related Posts

Analysis

The hidden cost of outdated economic statistics

August 7, 2025
1049795356
Analysis

Maximizing Your Pension Contributions

August 1, 2025
Analysis

Kenya’s Interest Rate Cut: A Turning Point for Growth

July 31, 2025
commercial illustrator
News

Why Kenyan private equity firms should consider continuation funds as an exit strategy

July 23, 2025
Analysis

Transferring Your Retirement Benefits Between Pension Schemes in Kenya

July 23, 2025
Investments

Invest in stability: introducing the Cytonn USD money market fund

July 18, 2025

LATEST STORIES

Segregated Pension Schemes in Kenya Q2’2025 Performance

August 8, 2025
Asset allocation dividing an investment portfolio among different asset categories.

Building a Retirement Portfolio in Kenya

August 8, 2025

Steps banks can take to align with fair lending practices

August 7, 2025

The hidden cost of outdated economic statistics

August 7, 2025

EABL posts 12.2% profit surge, strengthens regional footprint despite rising illicit trade

August 1, 2025
1049795356

Maximizing Your Pension Contributions

August 1, 2025

The functional role of narrative in financial markets

August 1, 2025

Tanzania’s protectionist shift and what it means for Kenyan entrepreneurs and regional trade

July 31, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024