Tycoon Mary Wambui loses bid to stop Sh9bn Equity hotel takeover

Glee Hotel

Glee Hotel in Nairobi which is owned by businesswoman Mary Wambui (inset).   

Photo credit: Wilfred Nyangaresi | Nation Media Group

Businesswoman Mary Wambui Mungai has lost her bid to stop Equity Bank’s takeover of her luxury Glee Hotel after the High Court declined to suspend the lender’s appointed administrator.

The court said the hotel had not shown sufficient grounds to justify the interim orders it sought while challenging the administration.

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