Kenya: Cytonn, a financial investment company, has ventured into the serviced apartment industry to diversify its financial base.
The firm’s CEO Edwin Dande said the CySuites apartment hotel in Westlands, Nairobi, offers amenities to meet the needs of short and extended stays to travellers.
“Serviced apartments charge lower rates per night than hotels, provide larger spaces and have a home feel. This project aims at positioning Cytonn in the new investment frontier,” said Dande.
The development, which offers 32 two-bedroom apartments, six one-bedroom apartments and two penthouses, was opened at the weekend by Kenya National Chamber of Commerce and Industry president Richard Ngatia. It is operated by Trianum and has created more than 100 direct jobs. </p
