KENYA – The InterContinental Hotel is preparing to auction a large number of properties, with the auction conducted by Garam Investment Auctioneers scheduled for August 29, 2024.
The hotel sent its staff packing in August 2020. The then 389-bed hotel hotel sighted operational reasons for the plan which would end in the loss of all employment positions.
The hotel had previously been the subject of a looming auction in early 2019 over unpaid debt.
For 10 years until 2019, the facility had not made any profits. In 2018 alone, InterContinental made a KES113 million (US$875,968) loss, with liabilities exceeding its income by more than half a billion shillings.
It is now four years since the hotel crashed out of business.
“Duly instructed by the Kenya Hotel Properties PLC, we shall sell the undermentioned goods belonging to the former InterContinental Hotel located off Parliament Road on Thursday, 29th Day of August from 11 am,” read part of the Auction notice.
Some of the items up for sale include cold rooms, reception counters, 2-door fridges, assorted chillers, work stations, roof fans, exercise machines, massage beds, weighing scales, Jacuzzi, Metallic lockers, spotting tables, dryers, washing machines and steam pressers.
Other items are sinks and tables, cookers, kitchen hoods, metallic wall shelves, metallic and wooden lockers, dough mixers, salamander, steaming pots, iron boards, telephone heads, hangers/ blow dryers and plastics, linen and pillows, lamps and lamp shades, wooden TV and TV cabinets, wooden desks and pedestals and also housekeeping trolleys.
Pictures of the aforementioned goods can be viewed at the InterContinental Hotel or on the auctioneer’s website. Viewing began on Tuesday and will go on until August 28, 2024.
The InterContinental Hotels Corporation has been running and managing the InterContinental Hotel Nairobi under a 99-year lease since April 1967.
Sign up to receive our email newsletters with the latest news updates and insights from Africa and the World HERE
