Hotel owners ordered to repay Sh65 million Housing Finance loan

The HF Group’s head office at Rehani House in Nairobi. FILE PHOTO | NMG

The owners of a Syokimau-based hotel in Machakos County have been directed to pay Housing Finance Corporation Sh10 million within two weeks to forestall the transfer of the establishment to a new proprietor who bought it in an auction last year.

Justice Alfred Mabeya further directed Sema Health Products Ltd and HF to open a joint interest-earning account within 21 days, where the proprietor of Marcia Hotel will deposit monthly instalments of the loan of Sh65.5 million borrowed in 2016.

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