51 Year Old InterContinental Hotel to Shut Down Kenyan Operations 

InterContinental Hotel to Shut Down Kenyan Operations 

InterContinental Nairobi

Nairobi’s InterContinental Hotel is considering winding up its local operations.

The 51-year-old hotel cited low revenues as well as a rapidly worsening uncertain outlook for shutting triggered by coronavirus pandemic.

In a statement, the 389-bed hotel said it has issued a  45 days notice of its intention to declare all its staff redundant.

“As a consequence of such intended winding up, all employment positions within the hotel including your position of waitress, would become redundant,” reads the notice signed by the hotel appointed attorney Oliver Geyer

“Faced with the most challenging environment our industry has ever seen. we have had to conduct a wide-ranging review to protect our global business for the long-term One aspect of this review includes an assessment of the long-term future of each of our hotels; particularly those which have had to close temporarily in response to the economic conditions caused by the pandemic.

“With regard to the InterContinental Nairobi, we have conducted a thorough review of all options available We are considering the question of whether, and when the Hotel might reopen; or whether we should now surrender the tenancy de-flag and permanently close the Hotel and hand back the property to the landlord, ” 

The Hotel opened its doors in 1969. Intercontinental Hotels Corporation Ltd and the Kenya government each own 33.83 percent of Kenya Hotel Properties (KHP), the holding company that owns InterCon.

Group Pct stake
Tourism finance corporation 33.8
InterContinental Hotels Corporation 33.8
Sovereign group 19.3
Development Bank of Kenya 12.99
Others 0.11

Currently, 60 percent of the hotels surveyed by the Central Bank of Kenya said they were ready to reopen once international flights in the country resume.

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