CG Hospitality, the hospitality arm of CG Corp Global, are the new owners of Fairmont Properties in Kenya, thereby owning and operating Fairmont Mara Safari Club & Fairmont The Norfolk.
The company is the first multi-billion-dollar conglomerate from Nepal, owned by billionaire Binod Chaudhary.
Rahul Chaudhary, MD & CEO, CG Hospitality Holdings & CG Corp Global, expressed his pride in leading the company closer to its expansion plans. He said, the acquisition of marks their re-entry into East-Africa. “We are proud of our local partnership in this acquisition through our holding Company CG Madison (Kenya) Limited. With the Fairmont ‘The Norfolk’, we are really buying a piece of history which is priceless! This acquisition plays a very important role in our global vision to reach 200 properties by 2025. In this regard, we have mapped out a 5-country growth strategy in Africa, which we will henceforth pursue.”
The acquisition highlights its hospitality portfolio’s exponential growth over the last 13 years.
With a rich portfolio of 102 comprising existing and signed operating hotels, CG Hotels & Resorts have established themselves as one of the most diversified and environmentally sensitive hospitality management groups in India.
According to globalprimenews CG Hospitality’s journey began in 2001, when Nepal’s only Billionaire Binod Chaudhary invested in Taj Samudra, Sri Lanka along with two other iconic Taj properties in the Maldives. Continuing his father’s entrepreneurial legacy, Rahul Chaudhary joined the already successful CG Corp Global in 2006 as Managing Director and has been spearheading the new hospitality properties in key destinations around the world.
The Norfolk Hotel boasts of 27 luxurious suites and 143 rooms set around tranquil tropical gardens in Nairobi. The signature suites are an excellent choice for guests seeking to experience luxury intertwined with the rich history of the city.
The history of the Norfolk Hotel includes former American President Theodore Roosevelt’s “Africa Safari and scientific Expedition” in 1909-10, when on a hunting trip just after finishing his term as President.
It served as a gathering place for legendary figures throughout the 1900s, some of them being – Karen Blixen, author of “Out of Africa” and the Adamsons, immortalized in the movie ‘Born Free’.
On the other hand, the Fairmont Mara Safari Club is located in the renowned Maasai Mara Game Reserve, the home to the great wildebeest migration. The Club, set on the foot of Aitong Hills offers 51 luxuriously furnished tents, overlooking the hippo filled Mara River.
Last month, The Fairmont Norfolk closed indefinitely following the effects of the ongoing coronavirus pandemic and sent all staff home but it seems the virus could have been a decoy as the main reason was the sale. Mehdi Morad, the Country General Manager, announced that the company cannot sustain its business and it will terminate its employee’s contract.
“It is, therefore, the decision of the management to terminate the services of all its employees due to frustration by way of mutual separation and taking into account the loyalty and dedication the employees have put into the success of our company in the previous years,” Mehdi Morad said in a statement.
Immediately after releasing the statement, the Attorney General wrote to the company seeking clarification on the move.