Italian billionaire Briatore to sell Sh500 mn Malindi resort

Former Italian Prime Minister Silvio Berlusconi (left) and his friend billionaire Flavio Briatore at the Malindi Airport. PHOTO | ROBERT NYAGAH | NMG

Italian billionaire and ex-Formula One boss Flavio Briatore has said he is seeking a buyer for one of his exclusive luxury beach hotels in Malindi amid low tourist numbers.

Mr Briatore, through his hotel manager Philip Chai, said the move to sell the Lion in the Sun resort was occasioned by dwindling holidaymakers over the years which has negatively impacted Malindi's economy.

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