Hotel Commercial Property for Sale in Milimani, Upperhill
Milimani in Upperhill offers exceptional hotel investment opportunities in Nairobi's premier business district. The area attracts both corporate travelers and tourists, with occupancy rates averaging 65-80% annually.
About Milimani Hospitality Market
This upscale neighborhood features:
- Proximity to major corporate headquarters
- Walking distance to Nairobi CBD
- Excellent security and infrastructure
- Growing demand from business travelers
Available Hotel Properties
| Property | Size | Rooms | Price Range | Annual ROI |
|---|---|---|---|---|
| Boutique Hotel | 1,200 sqm | 25 | Ksh 180M - Ksh 250M | 12-15% |
| Serviced Apartments | 2,500 sqm | 40 units | Ksh 350M - Ksh 450M | 10-14% |
Investment Benefits
- Prime Location: Near UN offices and government buildings
- Strong Demand: Corporate accounts provide stable occupancy
- Appreciation Potential: Land values increasing at 8-12% annually
- Amenities: Most properties include restaurants, conference rooms and parking
Technical Specifications
Typical hotel properties feature:
- 3-phase electrical connections (63A minimum)
- Backup generators and water systems
- CCTV surveillance and security personnel
- Titled deeds (Freehold or Leasehold)