South African owners of Nairobi’s Fairview Hotel, Town Lodge and City Lodge Two Rivers, are selling the three hotels to private equity fund Actis for Sh1 billion.
City Lodge Hotel Group put up the three Kenyan hotels and Tanzania’s City Lodge Hotel in Dar es Salaam up for sale in plans to exit East Africa after barely seven years of operation. It plans to sell the Tanzania hotel for Sh7.3 million.
