The new week kicked off on a good mood for Meera Investments and Speke Group of Hotels (both subsidiaries of Ruparelia Group) as they got their hands off construction works of a new flashy and classy apartments property in Kitante.
The new apartments christened Speke Apartments Kitante was Monday evening at a feast full cocktail unveiled to the public and are not ready for letting. There are 83 one-bedroom and two bed-room apartments which are fully serviced.
Rajiv Ruparelia said they are looking for a mixture of having longtime guests as well as short terms stays. He said they did a good market survey and they expect a good return on investment.
“We are targeting Ugandans in the diaspora who come to visit their families here or return for holiday. They can visit their families during day time and have a comfortable place to stay in the evening,” Rajiv told journalists in an interview.
“We will also be targeting the multinationals, the foreign companies, the expatriates and even upper class Ugandans or they might have a guest from abroad who they might want to stay with us,” he added.
Rajiv said they are starting with a promotional price of $110 per night for the one bedroom apartments but intends to charge $150.
Dubbaka Suresh, General Manager Speke Apartments, while taking guests around, said they will charging $2000 for a month’s stay for one bedroom apartments and $2800 for the double bed bedrooms, all taxes inclusive.