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Home » How Italian Billionaire Built Empire of Luxurious Hotels in Kenya

How Italian Billionaire Built Empire of Luxurious Hotels in Kenya

The legacy of Franco Rosso and his transformative impact on Kenya’s tourism industry

NyongesaSande News Desk by NyongesaSande News Desk
1 year ago
in Business
Reading Time: 3 mins read
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An artistic representation of the Palm Exotica hotel in Watamu, Kilifi County

Italian billionaire Franco Rosso, a pioneer in Kenya’s luxury tourism industry, left a lasting legacy through his prestigious hotel developments along the Kenyan coast. Known for his deep passion for East Africa, Rosso helped transform beach tourism in the country into a world-class experience for high-end travelers.

  • A Journey That Began with a Family Vacation
  • Establishing a Coastal Hospitality Empire
  • Accolades and International Recognition
  • Entrepreneurial Roots in Travel
  • Ambitious Plans and Controversy
  • Legacy of a Visionary

A Journey That Began with a Family Vacation

Franco Rosso first visited Kenya in 1967 with his wife and children. Captivated by the warm climate, scenic beaches, and vibrant culture, he envisioned a future far beyond a simple holiday. What began as a family vacation turned into a decades-long mission to redefine luxury hospitality in East Africa.


Establishing a Coastal Hospitality Empire

Rosso opened his first hotel, Tropical Village, on Casuarina Beach in Malindi. This was followed by the launch of Diamonds Dream of Africa, one of Kenya’s most iconic beach hotels. Over the years, he expanded his portfolio to include the Coconut Beach Resort, Malindi Beach Hotel, and Sandies Malindi Dream Garden, which opened in 2018.

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His resorts became preferred destinations for wealthy tourists seeking exclusivity and comfort by the sea.


Accolades and International Recognition

The Diamonds Dream of Africa was named Africa’s Leading Beach Hotel in 2012 and went on to win prestigious World Travel Awards in both 2021 and 2022. These accolades solidified Rosso’s reputation as a visionary in the hospitality industry.

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Entrepreneurial Roots in Travel

Before becoming a hotelier, Rosso began as a travel agent in Italy. He later founded Franco Rosso International, one of Italy’s top tour operators, and Planhotel Hospitality Group, the company behind many of his resorts in Kenya and beyond.


Ambitious Plans and Controversy

In 2019, Rosso was linked to a proposed Ksh28 billion mega-development known as Palm Exotica, a 61-storey skyscraper planned for Watamu. The project, proposed in partnership with investors from the US and South Africa, aimed to become Africa’s tallest hotel. It was expected to include a 270-bed hotel, shopping mall, serviced apartments, and conference center.

However, the project faced opposition from former Tourism Cabinet Secretary Najib Balala, who argued that such a structure belonged in urban centers like Nairobi or Mombasa. Rosso later distanced himself from the project amid public scrutiny.

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Legacy of a Visionary

Franco Rosso passed away at the age of 94 in Lugano, Switzerland, on March 27, 2023. He is survived by three children and a timeless legacy woven into the fabric of Kenya’s tourism and hospitality sectors. His investments not only elevated Kenya’s global tourism profile but also created jobs and inspired further development along the coast.

Tags: Diamond Dream of AfricaFranco Rosso KenyaItalian investors KenyaKenyan tourismluxury hotels Kenya
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