Sarova Group opens Kshs 1 Billion five-star hotel in Nakuru town

spear

Village Sponsor
#1

SAROVA WOODLANDS WILL BE BECOME THE SECOND FIVE-STAR FACILITY IN NAKURU AFTER LAKE ELMENTAITA SERENA CAMP. FILE PHOTO | NMG

The Sarova Group has opened a Sh1 billion five-star hotel in Nakuru, bringing its total number of properties in the country to nine. The hospitality chain has started accepting guests to Sarova Woodlands, a 142-room facility located near State House Nakuru — about a kilometre to the town’s central business district (CBD).
According to the Sarova website, guests will pay between Sh14,000 and Sh50,000 per night at the facility, rates that the hotel chain says are applicable until September 30. Sarova is owned by the family of the late businessman G.S. Vohra and John Ngata Kariuki, a former Kirinyaga Central MP and brother to former spymaster the late James Kanyotu.


The chain consists of hotels, resorts and game lodges. Sarova Woodlands, the hospitality chain’s second investment in Nakuru, will be become the second five-star facility in the county after Lake Elementaita Serena Camp. Other properties owned by the group include Sarova Stanley and the Sarova Panafric in Nairobi, the Sarova Whitesands Beach Resort & Spa in Mombasa and Sarova Mara Camp in the Maasai Mara Game Reserve.

http://www.businessdailyafrica.com/...akuru-town/4003102-4068478-raghnkz/index.html
 

M2Random

Village Sponsor
#3
In my opinion, I always see that such hotels have a very high return on investment if you think objectively. With the prices quoted of 14k-50k per room, assuming that 80% occupancy about 110 rooms for a whole year at the minimum price per room of 14k, you get a mind boggling amount in one year with an investment of just 1 billion. :eek::eek::eek:......for such hotels, accommodation is just one revenue stream and there are others with serious margins such as their restaurants, conferences etc. Owning one such hotel and you are in the same league with JM with his 12 billion stake in Equity receiving 400 mil annually in dividends.
 

spear

Village Sponsor
#4
In my opinion, I always see that such hotels have a very high return on investment if you think objectively. With the prices quoted of 14k-50k per room, assuming that 80% occupancy about 110 rooms for a whole year at the minimum price per room of 14k, you get a mind boggling amount in one year with an investment of just 1 billion. :eek::eek::eek:......for such hotels, accommodation is just one revenue stream and there are others with serious margins such as their restaurants, conferences etc. Owning one such hotel and you are in the same league with JM with his 12 billion stake in Equity receiving 400 mil annually in dividends.
I don't know about how hotel business works. However my question is this, if you half that projected return a year, is it still good. If yes, then you are very right.
 

m245

Village Elder
#5
In my opinion, I always see that such hotels have a very high return on investment if you think objectively. With the prices quoted of 14k-50k per room, assuming that 80% occupancy about 110 rooms for a whole year at the minimum price per room of 14k, you get a mind boggling amount in one year with an investment of just 1 billion. :eek::eek::eek:......for such hotels, accommodation is just one revenue stream and there are others with serious margins such as their restaurants, conferences etc. Owning one such hotel and you are in the same league with JM with his 12 billion stake in Equity receiving 400 mil annually in dividends.
accommodation is the highest revenue generator in a hotel if you take for instance a ''walk-in'' guest checking in for lunch he will hardly consume 14k(minimum charge per day and this most probably is BB) if you do the cost for breakfast which is probably buffet it wont cost more than 2k do the math if the house at least 75% booked the honeypot is if they get guests on fullboard and on conference
 

M2Random

Village Sponsor
#6
accommodation is the highest revenue generator in a hotel if you take for instance a ''walk-in'' guest checking in for lunch he will hardly consume 14k(minimum charge per day and this most probably is BB) if you do the cost for breakfast which is probably buffet it wont cost more than 2k do the math if the house at least 75% booked the honeypot is if they get guests on fullboard and on conference
Either way, that is very good money from a single property.
 

Gaza

Chief village rustler
#9
Hapo ndo naona pesa zangu za hustle za punda na chinaman Zita potelea.. Jesus f**k, they lookin for me or wat
 

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