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The unravelling of Kenya’s mid-tier hotels
Most of the hotels placed under receivership or put up for sale by banks are three- or four-star establishments facing intense competition from Airbnb-style platforms.
Since January 2025, banks have seized at least four hotels due to unpaid debt, putting some into receivership and listing others for sale.
This is happening as a pandemic-weary industry, now facing intense competition from Airbnb-style platforms, collides with lenders determined to shrink their stock of bad loans.
