Pride Inn takes up Azure hotel as it looks to raise profitabilityJanuary 21, 2020
NAIROBI, Kenya, Jan 21 – Pride Inn group of hotels has taken up Nairobi based Azure hotel on a revenue sharing management contract with a possibility of fully acquiring it within the course of this year.
The Group’s Managing Director Hasnain Noorani says the move will see the two investors use profits to strengthen the operational efficiency of the hotel in line with world class practices that suit the local market.
With the new contract, Pride Inn has increased its room capacity by 165 rooms and 11 modern conference rooms to make it one of the largest local hospitality chains in terms of capacity.
The new addition brings the group’s hotels to 9.
“Given Nairobi’s status as a strong economic hub within East Africa region, and against the backdrop of rising middle class, we have every confidence that PrideInn Azure, will be a worthwhile investment,” Noorani said.
At the same time, Noorani said the tourism business is growing despite the challenges they are facing and strongly urged the government to chip in and help in resolving the current major problems.
“Tourism and the hospitality industry at large have been growing. But the potential in many counties in Kenya remains untapped and its massive even in Nairobi itself. The challenge is to be able to look at it with the right lens. To unlock the potential and solve the challenges the hospitality industry in Nairobi is facing, we need to have a 20,000-seater international conference facility in Nairobi. Contribution from tourism alone is enough to do this. I urge the president to do this or allow me do it myself,” Noorani added.