Kasada has bought the former Crowne Plaza Upper Hill hotel located in Nairobi, marking its second acquisition in East Africa and the first in Kenya.
This acquisition offers us a gateway into Nairobi’s vibrant ecosystem of innovation and entrepreneurship. We look forward to launching our ambitious renovation programme for this hotel with the aim of repositioning it to attract more international travellers and become the place to be for the local community.
Olivier Granet Managing Partner, CEO
The investment manager plans to start refurbishing the 206-key hotel, which will begin by the year’s end. Part of the plans include rejuvenating public areas and improving the hotel’s environmental performance, meaning the hotel with obtain the green-building EDGE certification. It also has plans to add a WOJO, which will cater to growing market demand for flexible workspaces.
The hotel is located in the city’s financial centre and commercial hub—a prime location that is home to local and international institutions.