Sale of Hilton, InterCon collapses on failed bids

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.