FEP SIGNS CONTRACT WITH SWISS INTERNATIONAL HOTELS AND RESORTS

FEP SIGNS CONTRACT WITH SWISS INTERNATIONAL HOTELS AND RESORTS

FEP Holdings Limited signs a management contract with Swiss International for Sagana Resort
The 146-room Resort is expected to open before the end of the year
Thursday, 4 July 2019… FEP Holdings Limited today signed a management contract with international hospitality group Swiss International Hotels & Resorts to operate its property in Sagana, which will be named Swiss International Sagana Resort & Conference Centre.
The hotel is nearing its construction completion and is scheduled to open before the end of 2019.
Strategically located along the Nairobi-Nyeri Highway, in Sagana, the Resort is expected to boost both leisure and conference tourism in the Mt Kenya circuit.
FEP Holdings started construction of the property in 2014 and put out an international tender in December 2018 to get the right partner to run the four star resort.
“We are excited to have found the right partner in Swiss International which has a rich experience in the hospitality sector. We are now working together to ensure the Resort is completed in time to open before this Christmas,” said FEP Holdings Chairman, Mr James Kaguchia.
“I can assure our investors that the transformation journey the reconstituted board promised is still on going and this is one of the milestones. We remain committed to delivering on our turnaround strategy FEP Mpya and attracting an international partner like this is a sign some strides are being made.”
Swiss International Hotels & Resorts has a rich experience in the hospitality industry since 1980, operating in 15 countries across Africa, Europe, Middle East and South Asia.
“We are delighted to be in Kenya, it is one of the markets we have had our eyes on and we want to thank our partners FEP for their trust in us. In 2016, Swiss International also signed a development and management agreement Mlima Holiday Homes for the 180 room & suites Swiss International Golf, Spa & Conference Resort Mount Kenya. The final development is currently underway.
We are looking to open other properties in the country and have several in the pipeline,” said Swiss International CEO & President Henri Kennedie.
“We believe in this market and have a vision to become one of the top five hospitality and leisure group in Africa,” he added.
The 146-room Swiss International Sagana Resort & Conference Centre will offer modern conferencing facilities with a capacity of 800 people, two board rooms and two meeting rooms with a combined capacity of 80 people. Situated approximately 100 kilometres from Nairobi it is expected to attract a wide range of visitors both for leisure and business.
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ABOUT FEP
FEP Holdings Ltd is the investment company for the Fountain Enterprises Program (FEP).
It has over 75,000 shareholders spread over the 44 counties of Kenya and 32 diaspora destinations.
FEP has major investment interests in Real Estate, Financial Services, Insurance, and Hotels. Others include Technology, Schools, and Security Services.
ABOUT SWISS INTERNATIONAL
Founded in 1980, Swiss International Hotels is established in Switzerland. Swiss International Hotels & Resorts is currently associated with hotels in Africa, the Middle East and Asia. The company is registered in Baar, Switzerland and is operating from the UAE (Ras Al Khaimah).
Swiss International is operating and licensing its hotels under the following brands: Royal Swiss (Luxury), Swiss International Hotels & Resorts (Upscale), Swiss Spirit Hotels & Suites (Mid-market) and YESINN by Swiss International (Economy).
Please visit www.swissinternationalhotels.com for more information or connect with Swiss International on Facebook, Twitter, LinkedIn, Instagram, and YouTube.

One thought on “FEP SIGNS CONTRACT WITH SWISS INTERNATIONAL HOTELS AND RESORTS

  1. Simon Macharia - August 15, 2019 at 8:50 am

    I am excited to see the new roadmap and I am ready to walk the path as an investor. I joined FEP in 2011, then a share was going for Ksh550,000. I have since grown my investment profile by defending my rights (albeit in a small way). Bought into Health care and hotel as well joined Fep Sacco and my County NAEL outfit. As I reflect back I see that the decision had anything to do with affordability or ability to purchase but the faith I had (and still do) in the vision. When you are in such a state, the mind is not as reliable as that which is deposited in my heart, a believe. I am convinced come 2021/2022, things will never be the same again.

    Reply

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