Demand for serviced apartments on the rise

By KNA

Nairobi leads in the demand for short-let service apartment accommodation in the country.

It also has the highest number of hotel rooms with an estimated 58,071 rooms. This is according to the Chief Executive Officer of Realto Group Limited, Mr. Rajpal Sahib.

Mr. Sahib noted serviced apartments have been overlooked in the Kenyan Real Estate market development. He said growth in this sector has been slow noting that many towns and cities lack accommodation facilities for visitors on short term stay basis.

The CEO said short-let accommodation in Nairobi stands at 29.6% ahead of Mombasa with14.70%, followed by Naivasha at 12.7%.

He said demand for short-let serviced apartments instead of hotel rooms has prompted Group to offer the services to clients who will now enjoy a temporary home complete with hotel amenities.

According to the Apartments Service, a global provider of short term accommodation, the number of serviced apartment worldwide has risen by 80% since 2008 to 750,000 units.

Sahib announced that Realto Group Limited is constructing an ultra-modern 11 storeyed serviced hotel apartment project in Kilimani area in Nairobi, to offer investors short-let accommodation.

Speaking during the launch of the project at a Nairobi hotel, the CEO said the Group organized the forum to educate targeted clients on the difference between normal residential apartments and serviced apartments.

The project dubbed ‘SOHO Serviced Apartments’ estimated to cost Shs.1.8 billion will be completed by end of 2017.

“The services offered in the apartments will relieve the occupants  of  the burden of cleaning, housework, maintenance and care, as well as enjoying  hotel’s facilities such as gym, swimming pool, and WiFi connectivity,” stated Sahib.

Sahib said the project is aimed at attracting investors on short term stay prices and will be fully furnished to offer full hospitality services.

“We will offer good quality services to international organizations and embassies, as well as to those people working in Westlands and Upper Hill environs,” added Sahib.

 

 

  

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