KCB resumes White Rhino Hotel sale over Sh670m debt
The front view of the White Rhino Hotel. The Kenya Commercial Bank (KCB) yesterday resumed the auction of the hotel over a Sh670 million debt after the High Court dismissed an application by managers of the facility seeking to stop the sale.
The Kenya Commercial Bank (KCB) yesterday resumed the auction of Nyeri’s iconic White Rhino Hotel over a Sh670 million debt after the High Court dismissed an application by managers of the facility seeking to stop the sale.
The 112-year-old facility, located at the heart of Nyeri town, is now set to be sold by Garam Investments Auctioneers on November 30. The hotel was earlier set to go under the hammer on June 2 to recover the bank’s dues but its managers, Cedarwood Hotels and Resorts Investments Company obtained a court injunction temporarily blocking the sale.
