Bank Opposes Sale of Ruto Hotel Over Ksh1.2B Loan
A file image of Weston Hotel
Facebook
A local bank has opposed the repossession of Weston Hotel, arguing that the move would risk the recovery of a Ksh 1.2 billion loan.
The bank disclosed that they issued the loan to Weston Hotel in 2015 and sought orders to block Kenya Civil Aviation Authority (KCAA) from filing a new suit seeking to reclaim the land.
KCAA wants Weston to give up the land despite the National Lands Commission (NLC) directing the Ruto-owned hotel to keep it and pay KCAA for the property at the current market value.