AllAfrica reports, Eritrean investors are injecting $4 Million into the construction of a 15-floor four-star hotel in Kilimani, Nairobi.
Hearan Enterprises, which is represented by directors Isaya Desale Berhe and Winta Mengisteab, said it plans to develop the high-end facility on a 2.2-acre parcel of land bought two years ago at $3.7 Million.
The planned luxury hotel is located opposite the Nigerian High Commission and is between White Oak and Luxury Image apartments.
According to an environmental impact assessment study, residents have welcomed the development saying it will boost business in the upmarket area and create jobs for hospitality industry professionals.
The area has attracted foreign investors led by the Chinese who are quickly turning it into a commercial suburb. Several hotels and premium apartment blocks have sprouted in the once purely residential area.