The hotel properties are being planned to be leased or change the business models to mixed use property.
“Duly instructed by Kenya Hotel Properties (KHP) we shall sell the undermentioned goods belonging to the former InterContinental Hotel located off Parliament road through a public auction,” said Garam Auctioneers.
The hotel was closed down in April 2020, immediately the government announced the strengthened measures to cur the spread of Covid-19.
Initially, the Intercontinental Hotel had a debt of over ksh717 million as of December 2018.
The Tourism Finance Cooperation (TFC) Chief Executive Mr Jonah Orumoi earlier mentioned the dept.
The Intercontinental Hotel management made a public announcement in August 2020, that the hotel will be permanently closed due to issues arising because of Covid-19.
With regard to the InterContinental Nairobi, we have conducted a thorough review of all options available We are considering the question of whether, and when the Hotel might reopen; or whether we should now surrender the tenancy de-flag and permanently close the Hotel and hand back the property to the landlord, ” said management.
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