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.

1. PRESS RELEASE:
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.
END

2. ABOUT FEP
Fountain Enterprises Program (FEP) is an investment company that is committed to
transforming individuals and societies through generational wealth creation driven by
innovative and sustainable investment models.
FEP has a membership of over 200,000 members spread across 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.