Crowne Plaza Hotel sold for Sh4.6 billion

Kasada Hospitality Fund has fully acquired the hotel which is based in Nairobi. This adds to Kasada’s asset acquisitions in Africa after acquiring hotels in Rwanda, South Africa, Senegal, Cameroon, and Namibia in the past 18 months. Crowne Plaza is owned by Golden Jubilee Limited, tycoon Akbarali owns 97.5%, and Anish Akbarali 2.5