This archive report was first published on 15 June 2020.
On June 15, 2020, CG Hospitality marked its re-entry into East Africa with the acquisition of two Fairmont properties in Kenya.
The company acquired the Fairmont 'Mara Safari Club' and Fairmont 'The Norfolk' through local holding company CG Madison (Kenya) Limited.
According to Rahul Chaudhary, MD of CG Hospitality Holding, the acquisition is a significant step towards the company's global vision to reach 200 properties by 2025.
"The acquisition of these two Fairmont Assets in Kenya marks our re-entry into East Africa. This acquisition plays a very important role in our global vision to reach 200 properties by 2025," Chaudhary said.
CG Hospitality is pursuing a 5-country growth strategy in Africa, with more investments expected in the future.
The Norfolk Hotel boasts 27 luxurious suites and 143 rooms, while the Fairmont Mara Safari Club features 51 luxuriously furnished tents located in the Maasai Mara Game Reserve.
