KTDC to complete sale of InterConti, Hilton and Mt. Lodge shares by June

KENYA’S SALE OF THREE HOTEL INTERESTS TO BE CONCLUDED BY JUNE

A regular source close to the Kenya Tourism Development Corporation in Nairobi has confirmed that the sale of the government’s shares in the Hotel InterContinental Nairobi, the Hilton Nairobi and the Mountain Lodge will be concluded by June this year. The co-shareholders in all three properties have already indicated that they will exercise their ‘First Right of Refusal’, among then Serena Hotels, which manages the Mountain Lodge on Mt. Kenya. All other properties still owned and managed by KTDC, which are due for disposal, will probably be put on the market only after a new government has taken a fresh look as the mix of locations and valuations will make it difficult if not impossible to find a single buyer with local business consortia more likely to take up the offers for the ‘lesser properties’ in upcountry locations while the Kenya Safari Lodges Ltd, comprising of Voi and Ngulia Safari Lodges and the Mombasa Beach Hotel may attract an international bidder with the cash to modernize the three prime properties.

Watch this space for upcoming announcements and information when the process of advertising for expression of interest is going underway.

1 Comment

  1. Hi son, I don’t know if you are interested in this… but I send it anyway. Mum

    On Thu, Feb 21, 2013 at 3:46 PM, Wolfganghthome’s Blog wrote:

    > ** > Aviation, tourism, travel and conservation news – DAILY from Eastern > Africa and the Indian Ocean islands posted: “KENYAS SALE OF THREE HOTEL > INTERESTS TO BE CONCLUDED BY JUNE A regular source close to the Kenya > Tourism Development Corporation in Nairobi has confirmed that the sale of > the governments shares in the Hotel InterContinental Nairobi, the Hilton > Nair”

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