Rhapta Road, Muthangari sublocation, Kileleshwa location, Kilimani division, Westlands, Nairobi, Nairobi County, 97104, Kenya
For Sale USD KES 15,500,000 - Boutique Hotel

Prime Investment Opportunity – Westlands, Nairobi

| Business Boutique Hotel |

Positioned in the heart of Westlands, Nairobi’s premier commercial and residential hub, The King Post Business Boutique Hotel presents a rare opportunity to acquire a fully operational hospitality asset with significant redevelopment upside.

Set on 1.13 acres along Rhapta Road, just 400 meters from the Waiyaki Way expressway junction, the property enjoys seamless connectivity to JKIA (approx. 15 minutes) and key business districts. Its strategic location is further enhanced by ongoing infrastructure growth and a new retail mall anchored by Carrefour nearby—driving increased footfall and demand.

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The Asset

Commissioned in 2008, This distinctive, fully furnished boutique hotel inspired by Swahili coastal architecture, blending Portuguese, Arabic, Indian, and British influences into a timeless design. High-quality finishes include handcrafted timber joinery, imported brass fittings, and bespoke detailing throughout.
The development comprises:

  • 12 low-rise residential blocks (3 floors each)
  • 52 luxury serviced suites:
    ◦ 36 × 1-bedroom units
    ◦ 14 × 2-bedroom units
    ◦ 2 × 3-bedroom units
  • Clubhouse & hospitality complex featuring:
    ◦ Restaurant, bar & lounge
    ◦ Café and commercial kitchen
    ◦ Rooftop deck
    ◦ Conference & event facilities
  • Health & leisure amenities:
    ◦ Fully equipped gym, spa & steam
    ◦ Swimming pool with waterfalls
  • Additional facilities:
    ◦ Laundry block
    ◦ Retail spaces (salon & boutique)
    ◦ Landscaped gardens & secure parking (45 vehicles)
    Total built-up area: Approx. 6,100 sqm

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Infrastructure & Utilities

The property is fully self-sufficient and equipped to international standards, including:

  • 350 KVA backup generator
  • Borehole (300m depth) + large-scale water storage
  • Solar water heating system
  • 3-phase power distribution
  • Integrated CCTV, DSTV & internet systems

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Income Profile

The asset offers strong income-generating potential across multiple streams:

  • Residential (serviced apartments):
    ◦ Up to USD 2.17M annually (short-term let)
    ◦ Approx. USD 1.11M annually (long-term let)
    ◦ Blended income estimate: USD 1.65M
  • Additional revenue streams:
    ◦ Food & beverage + events: USD 700K
    ◦ Gym & spa: USD 180K
    ◦ Retail rentals: USD 24K

Total Potential Annual Income: ~USD 2.55M
With optimization toward short-term occupancy, income can exceed USD 3.0M, delivering ~13% ROI at asking price.

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Future Development Upside

This is where the opportunity becomes truly compelling.

Recent planning regulations in Westlands now allow high-rise developments exceeding 20 floors, dramatically increasing land value and redevelopment potential.

Options for investors:

  • Reposition and upscale the existing boutique hotel for higher yields
  • Convert into premium serviced apartments or branded residences
  • Redevelop into a luxury mixed-use high-rise (residential, hotel, retail, offices)
  • Leverage location for a landmark urban development in a high-growth corridor

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Why This Investment Stands Out

  • Prime Westlands location with strong connectivity and demand
  • Immediate income-generating asset with diversified revenue streams
  • Significant redevelopment potential under new zoning regulations
  • Unique architectural identity with repositioning upside
  • Growing surrounding infrastructure and retail ecosystem

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Price

USD 15.5 Million plus VAT

(Includes land, buildings, business, licenses, and all associated assets – clear title)

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Investment Vision

This is more than a property acquisition—it’s an opportunity to unlock the full potential of a strategically located urban asset. Whether repositioned as a boutique lifestyle destination or transformed into a landmark mixed-use high-rise, The property offers a compelling platform for long-term value creation in one of Nairobi’s most dynamic districts.

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