Actis to buy Fairview Hotel for Sh1 billion
Summary
South African owners of Nairobi’s Fairview Hotel, Town Lodge and City Lodge Two Rivers, are selling the three hotels to private equity fund Actis for Sh1 billion.
City Lodge Hotel Group put up the three Kenyan hotels and Tanzania’s City Lodge Hotel in Dar es Salaam up for sale in plans to exit East Africa after barely seven years.
Monday July 26 2021
By OTIATO GUGUYU
Summary
South African owners of Nairobi’s Fairview Hotel, Town Lodge and City Lodge Two Rivers, are selling the three hotels to private equity fund Actis for Sh1 billion.
City Lodge sells 148-room hotel in Tanzania for R1m, Kenyan hotels also sold
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