South African firm City Lodge Group has sold its hotels in Kenya and Tanzania for around Ksh 2 billion to subsidiaries of the UK-based investment firm Actis. This is mainly to reduce its debts incurred from the loss-making hotels. The Kenyan hotels – the 127-room Fairview Hotel in Nairobi, the 171-room City Lodge Hotel at … Continue reading City Lodge Group Exits East Africa; Sells its Units in Kenya, Tanzania