254News

News Beyond News

InterCon hotel exits scene as owners auction movable assets

3 min read
InterCon hotel exits scene as owners auction movable assets

InterCon hotel exits scene as owners auction movable assets

Spread the love

The owners of InterContinental Hotel, have put up moveable property on sale as they prepare to lease the building.

The hotel, including allies of former President Daniel Arap Moi, has put thousands of goods up for auction including vehicles, bedsheets, televisions, carpets, and kitchen equipment.

Former President Daniel Moi’s ally Joshua Kulei and Moi’s Ex-Private Secretary Rodger Kacon with Amed Jibril own a joint stake of less than one percent in the hotel.

Garam auctioneers said they had received private instructions to put the hotel property up for sale.

Kenya Hotel Properties (KHP) is seeking a consultant to advise on a change of business model for the hotel, which closed permanently in August last year on the back of the coronavirus pandemic.

The move signals that the hotel building could be converted to office blocks, shops, and mini-hotels.

“Duly instructed by Kenya Hotel Properties we shall sell the undermentioned goods belonging to the former InterContinental Hotel located off Parliament road through a public auction,” the auctioneers said.

It is also open to selling or leasing the InterContinental Hotel building to the government, which owns several properties in the vicinity including Parliament, Kenyatta International Convention Centre, and Sheria House.

Former President Daniel Moi’s ally Joshua Kulei and Moi’s Ex-Private Secretary Rodger Kacon with Amed Jibril own a joint stake of less than one percent in the hotel.

Garam auctioneers said they had received private instructions to put the hotel property up for sale.

Kenya Hotel Properties (KHP) is seeking a consultant to advise on a change of business model for the hotel, which closed permanently in August last year on the back of the coronavirus pandemic.

The move signals that the hotel building could be converted to office blocks, shops, and mini-hotels.

“Duly instructed by Kenya Hotel Properties we shall sell the undermentioned goods belonging to the former InterContinental Hotel located off Parliament road through a public auction,” the auctioneers said.

It is also open to selling or leasing the InterContinental Hotel building to the government, which owns several properties in the vicinity including Parliament, Kenyatta International Convention Centre, and Sheria House.