Calling global brands: Kenya govt plans to dispose of 11 hotels

In the divestiture plan, hotels up for grab include Ark Ltd (5.6 per cent), Golf Hotel (80 per cent), International Hotels — which owns Hilton Hotel — (40.5 per cent), Kabarnet Hotel (98.2 per cent), Kenya Hotels Properties (33.8 percent), Mountain Lodge (39.1 percent) Mt. Elgon Lodge (39.1 percent), and Sunset Hotel (95.4 percent) will be up for grabs.

The government stake in hotels with existing brands and are in good condition — such as Hilton and Intercontinental, Mountain Lodge Ltd (TPS Serena) and Ark Ltd (Fairmont Hotel and Resorts) — will be prioritised for existing shareholders through pre-emptive rights.
The plan is also hoped to help the country spruce up its tourism sector, one of its leading hard currency earner.