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GT Bank puts Njenga Karume’s Jacaranda Hotel on auction
Jacarada Hotel in Nairobi on July 9, 2019. The hotel has been earmarked for sale to recover a Sh257.6 million loan owed to Guaranty Trust Bank. PHOTO | SALATON NJAU | NMG
The Jacaranda Hotel in Nairobi, which is owned by the family of the late Cabinet minister and business tycoon Njenga Karume, was on Monday put up for auction.
The hotel, which is among the few surviving businesses that the late politician left behind, has been earmarked for sale to recover a Sh257.6 million loan owed to Guaranty Trust Bank.
