Global group Tune Hotels is set to invest Sh13.2 billion ($150 million) in East Africa.
Group chief executive Mark Lankester said there is fast economic growth of countries within the East African Community and an increase in the number of multinationals setting up base here.
The first of the group’s planned 15 outlets is coming up in Westlands, Nairobi, and is expected to be completed in June next year.
Foreign investors have maintained a stream of cash flow into terror beaten East and Central Africa’s largest economy helping to bolster confidence among foreigners and even locals.
“Nairobi, Kenya is hosting several multinational headquarters, and is strategically located in Africa. It is also the regional business hub in the East African Community,” Mr Lankester said on Thursday, explaining its choice of Kenya as first in Africa for its expansion plans.
Tune Hotel Nairobi will be 12-storey high with 280 rooms that will be offered on a limited service model so that customers only pay for what they use during their stay.
The second branch will be in Dar es Salaam, Tanzania.
The chain currently has a presence in nine countries globally where it runs 45 hotels.
It has plans to increase its hotels to 100 by 2016.