Hotel developments can take various forms, depending on the target market, location, investment strategy, and intended use.
Full-service hotels, such as can be found within luxury resort areas, offer a wide range of amenities, including restaurants, room service, conference facilities, gyms, and are focussed on business travelers, tourists, and conference attendees.
Limited-service hotels typically don’t offer on-site restaurants or extensive leisure facilities, and are aimed a the budget-conscious traveler, or those looking for a more simple and cost-effective stay.
Boutique hotels will usually have a unique design or purpose, often associated with the location, character, and even the owner who may be a famous personality.
Luxury hotels are high-end accommodation as inferrred by the title to offer exceptional services, and all the luxury amenities one would expect such as fine dining, spas, private pools, and concierge services.
Affluent tourists, business executives, and travelers seeking premium services and exclusivity would more than likely be foyund using a hotel that comes under the luxury category, hotels such as Five-star hotels, and brands like Ritz-Carlton and Four Seasons.
Resort hotels are located in leisure destinations (beaches, mountains, or resorts), and these hotels provide recreational amenities like golf courses, pools, spas, and activities.
Extended-Stay hotels, such as Residence Inn by Marriott, offer accommodations designed for longer stays, featuring larger rooms with kitchenettes or full kitchens, and are aimed at people who are relocating, or guests needing temporary housing.
Select-Service Hotels, such as Courtyard by Marriott and Hampton Inn, are similar to limited-service but may offer some extra amenities like a small breakfast bar or convenience shop.
Mixed-use developments are integrated into larger complexes that include other types of real estate such as offices, retail spaces, and even residential areas. These offer an all-in-one urban experience, often encompassing the skyscrapers or properties combined with shopping malls or residential buildings.
Convention center hotels, that are located next to or within convention centers and are designed to accommodate large groups for events, conferences, and conventions, and cater to conferences, corporate sessions, and exhibitors.
Each type of hotel development caters to a wide range of market needs, from budget stays to high-end luxury experiences.
Why Buy or Invest in New Real Estate Developments in Kenya.
Kenya’s economy has shown consistent growth in recent years, making it one of the most promising markets in Africa. With a population of over 50 million people, Kenya’s middle class is expanding, creating increasing demand for housing and commercial properties. This trend is likely to continue as the economy diversifies and develops.
Urbanization is rapidly increasing, with more people moving to cities like Nairobi, Mombasa, and Kisumu for better job opportunities, education, and lifestyle. This leads to higher demand for residential, commercial, and mixed-use developments in urban centers. Investing in new developments in these areas ensures a stake in the growth of these key markets.
Kenya is a hub for international investors, and the government has created policies that encourage foreign direct investment (FDI) in real estate. Foreigners can legally own land in Kenya, subject to specific conditions, making it an attractive destination for global investors looking to tap into the African real estate market.
There is an increasing demand for specialized real estate developments such as eco-friendly buildings, gated communities, luxury apartments, office spaces, and retail centers. New developments in these areas offer investors a chance to capitalize on niche markets and changing consumer preferences.
Ongoing and planned infrastructure projects, such as the Nairobi Expressway, new airports, ports, and affordable housing projects, are improving connectivity within and between urban areas. These developments increase property values and create investment opportunities in previously underdeveloped areas.
