Swiss hotel chain enters Kenya with Sh7b deal

Swiss International Resort Mount Kenya will develop 64 villas, 128 apartments and 86 townhouses and sell them to individual owners. These will be made available under fractional ownership. (PHOTO: COURTESY)

Swiss International Hotels and Resorts and Mount Kenya Holiday Homes Limited have signed a deal to co-develop a $70 million (Sh7 billion) five star resort. 

The resort under development in Naromoru will have 281 villas, apartments, townhouses and an all-suite hotel. The deal was signed in Nairobi last week.