Indian mogul Jac Patel is seeking to sell the 680 Hotel as per an advert placed on Thursday in one of the local dailies, Daily Nation.
The hotel, located at the intersection of Kenyatta Avenue and Muindi Bingu, has been a constant source of controversy with allegations of it being owned by Deputy President William Ruto.
The 10-storey 3-star hotel was reportedly sold to the tune of Ksh 3 billion, with a downpayment of Ksh2 billion supposedly made in a move that saw members of the public and activists question Ruto’s sudden financial strength.
In 2017, activist Orie Rogo Manduli questioned the source of Ruto’s finance after it was rumoured that he had made the downpayment as “his salary was not enough to raise that amount.”
Under the umbrella Sentrim Group, the businessman, who also owns seven other hotels seeks to get rid of all eight premises in an invitation for bids for sale.
Sentrim is seeking to sell the hotels through Knight Frank, a firm that provides residential and commercial property advisory services.
In the advert placed by Knight Frank, the firm sought to “represent the sale of the entire Sentrim Hotel portfolio comprising of three prime city investment and redevelopment properties and five excellently located lodge/tented camp properties.”
The 680 hotel, located at the intersection of Kenyatta Avenue and Muindi Bingu, has been a constant source of controversy.
The other seven hotels put up for sale include: Sentrim Boulevard, Sentrim Castle Royal, Sentrim Mara, Sentrim Tsavo, Sentrim Amboseli, Sentrim Elementaita and Sentrim Samburu.
Sentrim Boulevard, situated along Harry Thuku road, is also rumoured to have been sold to the Deputy President.
