(Posted 15th July 2024)
The present parking area of the hotel, just opposite the main hotel entrance, is due to be he venue for a new conference facility, including underground parking to cater for conference participants and hotel guests, presently using the open air parking area. This was annouced by the hotel group’s CEO Ashish Sharma who succeeded long serving Mahmud JanMohammed. Eastern Africa’s leading hotel group is majority owned by the Aga Khan Fund for Economic Development.
The facility will reportedly cost some 30+ US Dollars, to be financed from the hotel group’s regular investment institutions like PROPARCO, and others.
The new facility will also offer catering services, break out rooms and reportedly also shops. A confirmation when construction is set to start is still awaited but generally expected to commence in early 2025.
With the fallout of the pandemic, and the related problems for the tourism and hospitality industry firmly left behind, has TPS Eastern Africa, the group operating Serena Hotels in the wider Eastern African region, also announced an operating profit of just under 900 million Kenya Shillings, the highest on record for the hotel group.
