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Thoughts on TPS Serena
Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi
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Plimsoul wrote:VituVingiSana wrote:shiznit wrote:INTERNATIONAL CHAINS TO OPEN 16 NEW HOTELS IN KENYA BY 2020With the seeming resurgence of tourism in Kenya, lessened security threats at the coast, investor confidence seems to be growing. Is there underutilised potential in the market, or are investors taking advantage of the slump to buy in when low? Also, TPS is only focused on renovations of existing facilities in Kenya, last I checked. With these new entrants, will there be enough for all to go around?  I prefer a management that expands cautiously. TPSEA should not take on debt that it will have trouble servicing. The "foreign" firms do not own but lease/manage the facilities, many of which are owned by shady folks, and TPSEA should look at that model too in Nairobi for a 2nd facility. I think a lot of the new players are targeting business travellers and conferences, etc which are a bit less sensitive to security threats than tourists. Anyone building new lodges or beach hotels? My take is that when some of these "new" players run into problems [as inevitably happens in a crowded market] TPSEA should use its clout/reputation to take over one in Westlands or Karen. Maybe even Upper Hill. For now, I support the Management's decision to expand the current facility. It's close enough to CBD without being in the CBD. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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VituVingiSana wrote:Plimsoul wrote:VituVingiSana wrote:shiznit wrote:INTERNATIONAL CHAINS TO OPEN 16 NEW HOTELS IN KENYA BY 2020With the seeming resurgence of tourism in Kenya, lessened security threats at the coast, investor confidence seems to be growing. Is there underutilised potential in the market, or are investors taking advantage of the slump to buy in when low? Also, TPS is only focused on renovations of existing facilities in Kenya, last I checked. With these new entrants, will there be enough for all to go around? I prefer a management that expands cautiously. TPSEA should not take on debt that it will have trouble servicing. The "foreign" firms do not own but lease/manage the facilities, many of which are owned by shady folks, and TPSEA should look at that model too in Nairobi for a 2nd facility. I think a lot of the new players are targeting business travellers and conferences, etc which are a bit less sensitive to security threats than tourists. Anyone building new lodges or beach hotels? My take is that when some of these "new" players run into problems [as inevitably happens in a crowded market] TPSEA should use its clout/reputation to take over one in Westlands or Karen. Maybe even Upper Hill. For now, I support the Management's decision to expand the current facility. It's close enough to CBD without being in the CBD. Danger of TPS being run over by new entrants/competition . so far they have failed to handle the likes of Kempinski and Hemingways which are operating in their space. Radisson Blue, Hilton, Crown, Royal Orchid coming in.. TPS might pay the price for complacency. Serena Nairobi banqueting capacity is still very low at 140. Compared to Nairobi Sarova Panafric (350) and Sankara garden (500) they are behind schedule in numbers. Life is short. Live passionately.
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Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi
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sparkly wrote:VituVingiSana wrote:Plimsoul wrote:VituVingiSana wrote:shiznit wrote:INTERNATIONAL CHAINS TO OPEN 16 NEW HOTELS IN KENYA BY 2020With the seeming resurgence of tourism in Kenya, lessened security threats at the coast, investor confidence seems to be growing. Is there underutilised potential in the market, or are investors taking advantage of the slump to buy in when low? Also, TPS is only focused on renovations of existing facilities in Kenya, last I checked. With these new entrants, will there be enough for all to go around? I prefer a management that expands cautiously. TPSEA should not take on debt that it will have trouble servicing. The "foreign" firms do not own but lease/manage the facilities, many of which are owned by shady folks, and TPSEA should look at that model too in Nairobi for a 2nd facility. I think a lot of the new players are targeting business travellers and conferences, etc which are a bit less sensitive to security threats than tourists. Anyone building new lodges or beach hotels? My take is that when some of these "new" players run into problems [as inevitably happens in a crowded market] TPSEA should use its clout/reputation to take over one in Westlands or Karen. Maybe even Upper Hill. For now, I support the Management's decision to expand the current facility. It's close enough to CBD without being in the CBD. Danger of TPS being run over by new entrants/competition . so far they have failed to handle the likes of Kempinski and Hemingways which are operating in their space. Radisson Blue, Hilton, Crown, Royal Orchid coming in.. TPS might pay the price for complacency. Serena Nairobi banqueting capacity is still very low at 140. Compared to Nairobi Sarova Panafric (350) and Sankara garden (500) they are behind schedule in numbers. Agreed. Hence the need for the ongoing expansion. What I recall is that the management said that the open parking lot would be built over and they would put offices, a conference room and possibly rooms overlooking Uhuru Park. Away from Serena Nairobi, they need ANOTHER hotel within Nairobi. I believe they should be in Westlands or Upper Hill/Ngong Road. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 1/20/2011 Posts: 1,822 Location: Nakuru
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sparkly wrote:VituVingiSana wrote:Plimsoul wrote:VituVingiSana wrote:shiznit wrote:INTERNATIONAL CHAINS TO OPEN 16 NEW HOTELS IN KENYA BY 2020With the seeming resurgence of tourism in Kenya, lessened security threats at the coast, investor confidence seems to be growing. Is there underutilised potential in the market, or are investors taking advantage of the slump to buy in when low? Also, TPS is only focused on renovations of existing facilities in Kenya, last I checked. With these new entrants, will there be enough for all to go around? I prefer a management that expands cautiously. TPSEA should not take on debt that it will have trouble servicing. The "foreign" firms do not own but lease/manage the facilities, many of which are owned by shady folks, and TPSEA should look at that model too in Nairobi for a 2nd facility. I think a lot of the new players are targeting business travellers and conferences, etc which are a bit less sensitive to security threats than tourists. Anyone building new lodges or beach hotels? My take is that when some of these "new" players run into problems [as inevitably happens in a crowded market] TPSEA should use its clout/reputation to take over one in Westlands or Karen. Maybe even Upper Hill. For now, I support the Management's decision to expand the current facility. It's close enough to CBD without being in the CBD. Danger of TPS being run over by new entrants/competition . so far they have failed to handle the likes of Kempinski and Hemingways which are operating in their space. Radisson Blue, Hilton, Crown, Royal Orchid coming in.. TPS might pay the price for complacency. Serena Nairobi banqueting capacity is still very low at 140. Compared to Nairobi Sarova Panafric (350) and Sankara garden (500) they are behind schedule in numbers. The mere fact that most delegates of TICAD,UNCTAD, Obama summit and all other conferences held in Niarobi recently chose akina Sankara, Kempinski leaves a lot to be desired Dumb money becomes dumb only when it listens to smart money
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Rank: Member Joined: 2/1/2010 Posts: 272 Location: Nairobi
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Fyatu wrote:sparkly wrote:VituVingiSana wrote:Plimsoul wrote:VituVingiSana wrote:shiznit wrote:INTERNATIONAL CHAINS TO OPEN 16 NEW HOTELS IN KENYA BY 2020With the seeming resurgence of tourism in Kenya, lessened security threats at the coast, investor confidence seems to be growing. Is there underutilised potential in the market, or are investors taking advantage of the slump to buy in when low? Also, TPS is only focused on renovations of existing facilities in Kenya, last I checked. With these new entrants, will there be enough for all to go around? I prefer a management that expands cautiously. TPSEA should not take on debt that it will have trouble servicing. The "foreign" firms do not own but lease/manage the facilities, many of which are owned by shady folks, and TPSEA should look at that model too in Nairobi for a 2nd facility. I think a lot of the new players are targeting business travellers and conferences, etc which are a bit less sensitive to security threats than tourists. Anyone building new lodges or beach hotels? My take is that when some of these "new" players run into problems [as inevitably happens in a crowded market] TPSEA should use its clout/reputation to take over one in Westlands or Karen. Maybe even Upper Hill. For now, I support the Management's decision to expand the current facility. It's close enough to CBD without being in the CBD. Danger of TPS being run over by new entrants/competition . so far they have failed to handle the likes of Kempinski and Hemingways which are operating in their space. Radisson Blue, Hilton, Crown, Royal Orchid coming in.. TPS might pay the price for complacency. Serena Nairobi banqueting capacity is still very low at 140. Compared to Nairobi Sarova Panafric (350) and Sankara garden (500) they are behind schedule in numbers. The mere fact that most delegates of TICAD,UNCTAD, Obama summit and all other conferences held in Niarobi recently chose akina Sankara, Kempinski leaves a lot to be desired All hotels of note within close radius of the CBD were fully booked. The harder you work, the luckier you get
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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kryptonite wrote:Fyatu wrote:sparkly wrote:VituVingiSana wrote:Plimsoul wrote:VituVingiSana wrote:shiznit wrote:INTERNATIONAL CHAINS TO OPEN 16 NEW HOTELS IN KENYA BY 2020With the seeming resurgence of tourism in Kenya, lessened security threats at the coast, investor confidence seems to be growing. Is there underutilised potential in the market, or are investors taking advantage of the slump to buy in when low? Also, TPS is only focused on renovations of existing facilities in Kenya, last I checked. With these new entrants, will there be enough for all to go around? I prefer a management that expands cautiously. TPSEA should not take on debt that it will have trouble servicing. The "foreign" firms do not own but lease/manage the facilities, many of which are owned by shady folks, and TPSEA should look at that model too in Nairobi for a 2nd facility. I think a lot of the new players are targeting business travellers and conferences, etc which are a bit less sensitive to security threats than tourists. Anyone building new lodges or beach hotels? My take is that when some of these "new" players run into problems [as inevitably happens in a crowded market] TPSEA should use its clout/reputation to take over one in Westlands or Karen. Maybe even Upper Hill. For now, I support the Management's decision to expand the current facility. It's close enough to CBD without being in the CBD. Danger of TPS being run over by new entrants/competition . so far they have failed to handle the likes of Kempinski and Hemingways which are operating in their space. Radisson Blue, Hilton, Crown, Royal Orchid coming in.. TPS might pay the price for complacency. Serena Nairobi banqueting capacity is still very low at 140. Compared to Nairobi Sarova Panafric (350) and Sankara garden (500) they are behind schedule in numbers. The mere fact that most delegates of TICAD,UNCTAD, Obama summit and all other conferences held in Niarobi recently chose akina Sankara, Kempinski leaves a lot to be desired All hotels of note within close radius of the CBD were fully booked. Me thinks Serena should divest from lodges, invest in more Meetings Incentives Conferences and Exhibitions (MICE) capacity in Nairobi and major towns. Life is short. Live passionately.
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Rank: Elder Joined: 12/4/2009 Posts: 10,820 Location: NAIROBI
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Wajenge mahoteli zingine. Mimi ntaenda kula nyama huko Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi
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sparkly wrote:kryptonite wrote:Fyatu wrote:sparkly wrote:VituVingiSana wrote:Plimsoul wrote:VituVingiSana wrote:shiznit wrote:INTERNATIONAL CHAINS TO OPEN 16 NEW HOTELS IN KENYA BY 2020With the seeming resurgence of tourism in Kenya, lessened security threats at the coast, investor confidence seems to be growing. Is there underutilised potential in the market, or are investors taking advantage of the slump to buy in when low? Also, TPS is only focused on renovations of existing facilities in Kenya, last I checked. With these new entrants, will there be enough for all to go around? I prefer a management that expands cautiously. TPSEA should not take on debt that it will have trouble servicing. The "foreign" firms do not own but lease/manage the facilities, many of which are owned by shady folks, and TPSEA should look at that model too in Nairobi for a 2nd facility. I think a lot of the new players are targeting business travellers and conferences, etc which are a bit less sensitive to security threats than tourists. Anyone building new lodges or beach hotels? My take is that when some of these "new" players run into problems [as inevitably happens in a crowded market] TPSEA should use its clout/reputation to take over one in Westlands or Karen. Maybe even Upper Hill. For now, I support the Management's decision to expand the current facility. It's close enough to CBD without being in the CBD. Danger of TPS being run over by new entrants/competition . so far they have failed to handle the likes of Kempinski and Hemingways which are operating in their space. Radisson Blue, Hilton, Crown, Royal Orchid coming in.. TPS might pay the price for complacency. Serena Nairobi banqueting capacity is still very low at 140. Compared to Nairobi Sarova Panafric (350) and Sankara garden (500) they are behind schedule in numbers. The mere fact that most delegates of TICAD,UNCTAD, Obama summit and all other conferences held in Niarobi recently chose akina Sankara, Kempinski leaves a lot to be desired All hotels of note within close radius of the CBD were fully booked. Me thinks Serena should divest from lodges, invest in more Meetings Incentives Conferences and Exhibitions (MICE) capacity in Nairobi and major towns. Serena leases, not owns, most of the lodges. It is a "full-service" firm i.e. the whole package from beach hotels, safari hotels to city hotels. Just MICE sounds nice until there's a downturn like happened during PEV 2008 though Serena benefitted coz Kofi and team stayed there. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 9/14/2011 Posts: 869 Location: nairobi
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VituVingiSana wrote:@Aguy - I am increasing my position slowly. Are you? I like their management over the years even during tough times. Scarce offers at 17 though. @Aguy and VVS, i salute you guys. 100% return in one year! When many people including me did not even give TPS a second look. Impressive
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Rank: Chief Joined: 1/3/2007 Posts: 18,371 Location: Nairobi
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heri wrote:VituVingiSana wrote:@Aguy - I am increasing my position slowly. Are you? I like their management over the years even during tough times. Scarce offers at 17 though. @Aguy and VVS, i salute you guys. 100% return in one year! When many people including me did not even give TPS a second look. Impressive Asante. I wish I had bought more but... I like TPSEA coz of the solid management, brand name and steady expansion. There's debt but TPSEA has managed to manage the debt and has substantial income in forex. Quality Management. Depressed share price [IMHO] for the wrong reasons looked at in the medium-long term. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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