Furnished & Serviced Residences, Nairobi Kenya

Branded by CityBlue & managed by VALOR Hospitality Partners – Divine Residences offers a concept that is unlike any other in East Africa.

Call: +254 740 888 080 for more information

Concept

Fully Furnished and Internationally Managed Residences. This is more than just a property investment opportunity but a partnership that ensures the highest returns for your investment. Divine Residences is truly a treasure waiting to be discovered. Not only is each apartment designed with international hotel standards in mind, but it is furnished with custom-made furniture created specifically for it.

Location:

Located in Nairobi’s Riverside leafy suburbs. The area is very quiet, safe & convenient, with good schools, hospitals, shopping malls, eating & entertainment joints with a 5 to 10 minutes drive from the residences.

Every detail in design, finishing and furnishing is directly hand-picked by our interior designers to ensure maximum elegance and comfort for future tenants. To ensure top notch hotel services are offered to all guests, our international management and hospitality partners plan, train and hire high level staff. They also proudly bear the responsibilities of budget 7 revenue planning, marketing for the units, maintenance, cleaning and any other needs that assure the satisfaction of investors and guests.

This smart project is not only ideal for Kenyan investors but for any foreign investor who can cleverly grasp this opportunity. The 252 apartments with ONE and TWO bedrooms are being sold fully furnished and serviced. You can make your property investment without worrying about furnishing or renting out your unit. The professional partners with 40+ years of experience will take care of all that hustle for you.

Fully Furnished

To ensure the highest quality of furniture, every piece will be custom made and imported from Europe. Designs by HBA will create an atmosphere that will be truly Divine. Yes, Fully Furnished means furnished down to the towels, rugs and covers. Everything a tenant may want will be at the tip of their fingers.

Pooled Income

Owners whose apartments don’t get rented out have nothing to worry about with our Pooled Income Plan. At the end of the month, all Divine Residences returns go into one pool then they are distributed among investors based on the size owned. This ensures a monthly return.

Revenue Share

With the revenue share model, all operational expenses are paid from the hotel group’s revenue share, no matter how high the revenues or expenses are. This brings a huge benefit of sharing risks with the hotel group and results in no monthly service charges to be paid by the investors.

Return on Investment

The hotel model with professional marketing and a mix of daily and monthly bookings duplicate the return on investment as compared to a standard, long term tenant model. Combined with the international branding & management, you are ensured highest returns from 12 – 14%, possibly higher.

World Class Interior Design & Finishes

The Interior Design has been developed by HBA, the world leading Hospitality Design Firm. After analyzing the Kenyan and especially Nairobi Hospitality Market. HBA came up with a design that will attract international and local business travelers alike. The design direction is Classic Contemporary with a touch of eclectic.

CityBlue Hotels

Africa’s fastest growing Hotel Chain

CityBlue is a borderless, branded group of hotels in Eastern and Southern Africa’s major cities, supported by a world class digital infrastructure. It was founded in 2012 with immense passion to truly establish high quality hotel experiences in Africa and the Middle East.

In the years since it was established, CityBlue has built a reliable and passionate team of local and international professionals from the ground up, instilling discipline, growing standards and fostering a sense of family. CityBlue’s portfolio features four sub brands which together capture the group spirit: Urban by CityBlue, CityBlue Hotel & Suites, Residences by CityBlue and Lodges by CityBlue.

CityBlue will add Divine Residences to their portfolio of world-class project and make sure it shines as bright as the rest of their managed hotels.

VALOR Hospitality

The management partners

Valor Hospitality Partners is a Global Hospitality management company with headquarters in the US, branches in South Africa, Asia and the Middle East. They manage more than 85 hotels worldwide.

Driven by excellence and achievement of top and bottom-line targets, the Valor team takes pride in delivering superior, reimagined guest service experiences. Valor Hospitality provides honest, hands-on experience developing hotels and resorts, which has been recognized as being the best in its categories, not only financially, but critically from an exemplary guest experience perspective. Each guest is viewed and treated as unique in nature.

AMENITIES:

Complete Comfort

• Heated swimming pool (Rooftop)
• Two fully equipped gym
• Rooftop Sitting Area
• Kids play area
• Reception zone & Concierge Service
• Meeting rooms
• Ample parking spaces
• Landscape gardens
• Class A facility management service
• Balconies & terraces

Secure on all levels

• Two separate Entrances guaranteeing highest level of privacy
• Borehole
• Full Backup Generator
• High-speed Elevators
• Solar Water Heating
• CCTV & 24h Security

Prices:

Every Residence is being sold fully furnished.

Payment Plan

• 20% upon Reservation/Booking Fee
• 20% upon Signing the Sale Agreement
• 60% spread out equally either monthly or quarterly

Other Costs 

Stamp Duty – 4% of the purchase price or government valuation – whichever is higher. This is payable 60 days before completion.

Legal Fees – Approximately 1.5% of the purchase price plus VAT and is payable to the vendor’s lawyer upon signing the sale agreement.

General Extra Costs – Formation of the management company, purchase of a share in the management company, apportioned costs, registration, – approximately Kes 60,000/- [USD 413.79] and is payable 60 days before completion.

Pre-Opening Budget – The Marketing for the Hotel Operations will start 3 months prior to opening. The cost per unit owner will be calculated 6 months pre-opening. The estimated cost will be Kes 200,000/-  [USD 1,379] per unit.

Initial Working Capital – There will be a charge for the initial 4 months’ operation cost which will be refunded by the operator within 24 months.

Return on Investment up to 11.7%

Key Figures

Revenue Share = 56.5% For Owner & 43.5% For Hotelier

Average Occupancy Year 1-5 = 70%

All service charge, expenses, marketing, costs lies with the hotelier – no other cost or risk for the owners of the units. This is the ultimate Risk Sharing Model.

Monthly Return For A One Bed Residence

Monthly Return:                               $145 Per Night * 30 days = $4350

Occupancy:                                         $4,350 * 70% Occupancy = $3,045

Gross Return:                                    $3,045

Owners Net Rental Return For A One Bedroom Residence

56.5% of $3,045:                               $1,720 Net Income Per Month

Annual Income:                                $1,720 * 12 = $20,640

Annual income Kes:                        $20,640 * 145 = Kes 2,992,800

Average Price of a One Bed:         Kes 26,300,000

ROI:                                                   Kes 2,992,800*100/Kes 25,600,000 = 11.7%

Return on Investment – 11.7% at 70% occupancy – if a better occupancy then a higher return.