Machakos Billionaire Chris Musau buys Nairobi 680 Hotel

Machakos-based extremely rich person Chris Musau has obtained the 680 Hotel in Nairobi Central Business District.

Musau, who is the owner of the Maanzoni lodges in Machakos, has added the 680 Hotel to his portfolio for an expected amount of Sh1.2 billion.

“Maanzoni has finished the offer of 680 Hotel. They required a presence in Nairobi’s downtown area,” said an exchange counselor engaged with the arrangement.

Starting around 2018, the lodging which has 680 beds was supposed to acquire up to Sh213 million in yearly incomes.

It was recently possessed by very rich person Jagdesh Patel who had taught property supervisors to sell the inn close by seven others; Boulevard Hotel, Castle Royal Hotel (Mombasa), Elementaita Lodge, Samburu Lodge, Sentrim Tsavo, Sentrim Amboseli and Sentrim Mara.

The lodging is accounted for to have aroused the interest of both nearby and unfamiliar financial backers, in the midst of reports that Deputy President William Ruto was keen on the property.

680 Hotel: Chris Musau wealth

Musau is a land financial backer who began purchasing property as youthful as 22, when he purchased a 10,000-section of land real estate parcel from an outsider at Sh280 per section of land.

He began the Sh680 million Maazoni Lodge in Machakos as a passtime two years after he discarded his store chain to Naivas.

“My youngsters were not really enthusiastic about assuming control over tasks of Nova Supermarkets in Machakos and Komarock that saw me labor for eight straight years beginning at 6am to 12 PM day to day,” he said in a past meeting.

The offer of the 680 Hotel comes only days after a Qatari-supported private value store purchased Crowne Plaza Hotel in Upperhill for Sh4.6 billion.

As per administrative papers, Crowne Plaza is constrained by Golden Jubilee Limited, of which tycoon Akbarali controls 97.5 percent and Anish Akbarali 2.5 percent.