Kenya National Chamber of Commerce and Industry president Richard Ngatia (centre) cuts a tape to open the CySuites Apartment hotel by Cytonn Investments Company in Westlands, Nairobi on November 23, 2019. Looking on are Cytonn CEO Edwin Dande (left) and the firm's board chairman Prof Daniel Mugendi Njiru. PHOTO | FRANCIS MUREITHI | NATION MEDIA GROUP
Mr Ngatia lauded Cytonn for launching CySuites saying it has created more than 100 direct jobs.
Cytonn Investments board chairman Daniel Mugendi Njiru said serviced apartments have returns of about 20 per cent per annum.
Cytonn, a financial investment company in Kenya, has ventured into hospitality industry to diversify its financial base.
The firm’s Chief Executive Officer Edwin Dande said CySuites apartment hotel in Westlands, Nairobi, offers amenities to meet the needs of short and extended stays to travellers.
