PrideInn Hotels risks closure in lease debt row

A PrideInn hotel in Mombasa. file photo | nmg

A Mombasa-based hotelier has petitioned the High Court to wind up the PrideInn Group of Hotels over a Sh87 million debt which is linked to a lease row.

Businessman Salim Sultan Moloo, owner of Tropicana Hotels Limited, says in court papers that he leased his Eden Rock Hotel in Malindi to PrideInn Hotels in 2011, but claims the new tenants unilaterally cancelled the contract.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.