The Sh2 billion project has not been completed since May 2012.
Churches are aggressively pouring billions of shillings into Kenya's property sector.
Most Kenyans acquiring houses are not doing so for speculative intentions.
The 170-room City Lodge Hotel will be situated within Two Rivers Mall on Limuru Road.
Mr Pattni has been investing heavily in the city's land and property sector since January.
Phase one and two of the project, comprising 850 housing units are completed and fully sold.
Developers unveiling projects targeting people earning less than 30,000 a month.
Nairobi has enjoyed a construction boom over the past five years.
Analysts expect a slowdown in the number of new construction projects in the city.
The partnership seeks to build a competent workforce.