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City Lodge buys out remaining Fairview stake for Sh1.88bn

Pango terrace at Fairview Hotel in Nairobi. PHOTO | FILE

South African hotel chain City Lodge has completed the takeover of Fairview Hotel by snapping up the remaining 50 per cent stake for Sh1.88 billion.

The hotelier’s 2014 annual report says it took the remaining half in a transaction done in May this year.

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