All signs point toward Kenya, especially Nairobi as reports of a new hotel owned by the world’s 5^th richest man, Mukesh Ambani circumnavigate the Internet. Mukesh Ambani has apparently bought some land in Nairobi’s central business district (CBD) and is planning to build a brand new 21-storey five star hotel.

The development is supposed to play a key role in helping to rebuild the confidence in the city’s hospitality sector. Kenya experienced some nasty devastation at the beginning of this year after post election violence rocked the country.

Read the rest of this entry »

Mukesh Ambani, the fifth richest man in the world and head of the Mumbai based petrochemical giant Reliance Industries is estimated to be worth some where in the region of $43 billion. He is also the owner to-be of a 27-story skyscraper in downtown Mumbai that is to cost him colossal $2 billion!

When you’ve got so much money you have to come up with ideas on how to spend it. Exactly this happened while his wife was staying in the Mandarin Oriental in New York, back in 2005. Nita Ambani was so impressed with the interior Asian style decor that she wanted something similar for her to live in.

Her inquiries about the designer soon led to the next step; drawing up plans done with expertise by architecture firm Perkins & Will and Hirsch Bedner Associates, the designers behind the Mandarin Oriental.

What resulted from that is the world’s largest and most expensive home ever. We have covered this in a past post but wanted to deliver some updated information. Every storey Antilla’s skyscraper home will be built to a different specification. The vast variation of materials to be used in it’s build has tremendously added to its overall cost.