The Best Western Plus Meridian Hotel For SaleCommercial Property

A prime investment property located in an exceptional location along Murang’a road, off Moi Avenue within the periphery of Nairobi’s CBD. The property is well known as the Best Western Plus Meridian Hotel. Key landmarks in the neighborhood of the property include The Clarion Hotel, Jamia Shopping Mall, Nairobi Safari Club as well as The Nation center. The total site is rectangular shaped corner plot measuring approximately 0.366 acres (0.1483 ha) and has a wide frontage onto Murang’a road with the rear side of the hotel bordering the tail end of the Thika Superhighway fly over just before you join the Koja round about. The property comprises a 119 Room 3.5 star Hotel with conference facilities, basement car parking, Onsite parking on ground floor, Restaurant, Bar and Lounge, Coffee Shop, Spa and Wellness Center, Fitness Centre and Outdoor pool on the roof top. The property is held on a Leasehold term for a duration of 99 years from 1st day of September 1971 subject to payment of an annual ground rent of Ksh 40,350 revisable after every twenty (20 years) of the term. The Hotel has enjoyed average occupancy rates of above 60% over the last five years. For sale by private treaty