15 January 2014

Kenya: Voi Lodge Puts 96 Tsavo Guest Rooms On Sale

The Mulji Ratna family, which owns the Voi Wildlife Lodge hospitality group, has put up 96 guest rooms on sale at its new development dubbed Acacia Lodge Suites.

Buyers will share the daily rates paid by guests for the rooms in a six-year renewable management contract deal with the Sh5 billion lodge.

The rooms - a mix of one-, two- and three-bedroom units - will be sold in three phases, with the initial sale pegged at up to Sh5 million per room.

Voi Wildlife Lodge's general manager Permenus Riungu said three presidential suites are also available for sale. He said the lodge will do the marketing, bookings, cleaning and maintenance on behalf of investors.

"This concept of selling rental units and then managing them on behalf of buyers will free up capital for the developers," Riungu said, adding that buyers will pay a monthly maintenance fee of Sh7,500.

Construction of the Acacia Lodge suites was financed with a debt from the Bank of Baroda, and Knight Frank are selling the units. Voi Wildlife Lodge's portfolio, which includes lodges and tented camps, sits on 50 acres next to Tsavo East National Park.

Riungu said a proposal by the Taita Taveta county government to expand the Ikanga Airstrip will boost tourist numbers significantly once implemented. The lodge is also easily accessible by road and is 5km from the Nairobi-Mombasa highway.

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