Nepalese billionaire Binod Chaudhary’s CG hospitality acquires two iconic Fairmont properties in Kenya

Mr. Rahul Chaudhary, MD & CEO, CG Hospitality Holdings & CG Corp Global -File Photo GPN
  • Entry into Kenya will cement CG Hospitality’s 5 country growth strategy in East-Africa.
  • The brand has a rich portfolio of 73 existing operating hotels under the Fern, Zinc and Beacon brands in India.
  • The 2020 HVS report recognizing the growth story ranked ‘Concept Hospitality’, (a member of CG Hotels & Resorts)1st in opening brand properties and 4th in terms of Keys, in India

IMG-20200609-WA0017NEW DELHI, UAE, 9th JUNE, 2020  (GPN): CG Hospitality, the hospitality arm of CG Corp Global, the first multi-billion-dollar conglomerate from Nepal, announces its re-entry into the rapidly growing East Africa market, with the acquisition of 2 iconic Fairmont properties in Kenya namely – Fairmont Mara Safari Club & Fairmont The Norfolk. This signing is in line with the company’s strategic expansion plans for aggressive growth in the region.

IMG-20200609-WA0015Today, CG Corp claims it’s hospitality portfolio’s exponential growth over the last 13 years. The recent HVS (HVS Global Hospitality services) Indian Hospitality Industry Overview 2019 Report, ranked ‘Concept Hospitality’(A member of CG Hotels & Resorts)1stin property openings and 4th in terms of Keys, in India. 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.

IMG-20200609-WA0016Strategically perusing its global expansion plans, the 2 Fairmont properties being acquired in Africa are popular destinations of choice, amongst travellers.

Through the acquisition, CG Hospitality is becoming a part of a rich historical legacy that the Fairmont ‘The Norfolk’ hotel celebrates. From being the first luxury hotel in Kenya to being a shelter to men and women during World War II, the property has seen and been a part of momentous world events.  It was also one of the stops on Theodore Roosevelt’s “Africa Safari and scientific Expedition” in 1909-10, a hunting trip still considered the most lavish in Kenya history. 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’. 

Rahul Chaudhary, MD & CEO, CG Hospitality Holdings & CG Corp Global -File Photo GPN

Mr. Rahul Chaudhary, MD & CEO, CG Hospitality Holdings & CG Corp Global -File Photo GPN

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 these two Fairmont Assets in Kenya namely Fairmont ‘Mara Safari Club’ & Fairmont ‘The Norfolk’ marks our 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.”

Mr. Binod Chaudhary Chairman and President of the Chaudhary Group (CG).- File Photo GPN

Mr. Binod Chaudhary Chairman and President of the Chaudhary Group (CG).- File Photo GPN

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.

IMG-20200609-WA0018Known for its impressive and storied history, The Norfolk Hotel boasts of 27 luxurious suites and 143 rooms set around tranquil tropical gardens. The signature suites are an excellent choice for guests seeking to experience luxury intertwined with the rich history of the city.

While the Fairmont Mara Safari Club, located in the renowned Maasai Mara Game Reserve, is home to the great wildebeest migration. The Club, set on the foot of AitongHills offers 51 luxuriously furnished tents, overlooking the hippo filled Mara River.

Both the assets are currently undergoing improvements to bring back the legacy and glory. ENDS

For bookings and further information; refer to the link below –

https://www.fairmont.com/masai-mara-safari/

https://www.fairmont.com/norfolk-hotel-nairobi/

About CG Hotels & Resorts [India]:

In India, with a rich portfolio of 102 comprising existing and signed operating hotels under the Fern, Zinc and Beacon brands and 3700 keys, CG Hotels & Resorts have established themselves as one of the most diversified and environmentally sensitive hospitality management groups in the country. CG Hotels & Resorts along with the CG Hospitality Holding’s portfolio, have hotels and resorts stretching from the East to the West of the country. The recent HVS (HVS Global Hospitality services) Indian Hospitality Industry Overview 2019 Report, ranked ‘Concept Hospitality’ (A member of CG Hotels & Resorts) 1st in property openings and 4th in terms of Keys, in India.

About CG Hospitality [Global]:

Globally, CG Hospitality Holdings owns and operates 134 hotels and resorts with 7561 keys in 12 countries and 93 destinations. Focused on “Vision 2025”, its portfolio is expected to grow to over 200 hotels globally. CG Hospitality also has a proud history of successful joint ventures and investments with esteemed partners and brands such as Taj, Vivanta, Taj Safaris, Jetwing, The Farm, Radisson to name a few.  They operate hotels, resorts and spas across Asia, Middle East, America and Africa. CG Hospitality also owns the global management company, CG Hotels and Resorts, which manages and owns a range of mid-scale to luxury hotels through its own brands namely “The Zinc” as well as “The Fern”, through JV Company’s Concept Hospitality.

CG Hospitality continues to provide renowned hospitality services, which makes it one of the most diversified hospitality groups in the region at large. The portfolio consists of some of the most iconic properties and destinations of the world — including Taj Exotica Resort & Spa, Maldives, JetwingVilUyana – Sigiriya, Sri Lanka, The Farm at San Benito, Philippines, MeghauliSerai (A Taj Safaris Lodge) – Chitwan, Nepal, Taj Samudra – Colombo, Sri Lanka, Taj Jumeirah Lakes Towers – Dubai and nowFairmont The Norfolk – Nairobi, Kenya, Fairmont Mara Club – Masai Mara, Kenya amongst others. 

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

Be the first to comment on "Nepalese billionaire Binod Chaudhary’s CG hospitality acquires two iconic Fairmont properties in Kenya"

Leave a comment

Your email address will not be published.


*