Sale of Hilton, InterCon collapses on failed bids
The State’s planned divestiture from Nairobi’s collapsed iconic Hilton and InterContinental hotels has run into headwinds amid struggles to find a buyer for the prime properties.
Documents tabled in the National Assembly revealed that the Privatisation Authority did not get a buyer to match the reserve price set by the government for its shares in the two rusting high-end hotels.