The late minister Njenga Karume’s Jacaranda Hotel in Nairobi’s Westlands area is to be disposed by auctioneers by mid March. Regent Auctioneers placed a newspaper advertisement puts March 12 as the deadline for the property's disposal.
The notice reads, “All intending purchasers are requested to view and verify the details by themselves, a refundable deposit of Sh5,000, 000 must be paid to obtain a bidding number.”
The property is a 128 bedroomed four-star hotel with ensuite bathrooms, satellite tv, and wireless internet connections. The hotel has a main block in three wings incorporating the hotel reception, lounge, bedrooms among other facilities.
This is the second time Jacaranda Hotel is advertised for auction.
In 2019, Kenya Revenue Authority (KRA) sent auctioneers to recover Sh95 million tax arrears that had accrued, prompting the trustees to seek court’s intervention.
“The applicant is apprehensive that if this matter is not heard, the respondent’s agents will proceed any time to attach and sell the distrainable chattels thus bringing the applicant’s business to a halt,” argued the trustees.
The hotel had paid KRA Sh15 million and proposed to offset the balance in 12 to 18 monthly installments. It placed a counter-offer that it would pay Sh35 million in a week and clear the remainder within a year.
The sale of the most important asset owned by the late Defence Minister Njenga Karume would further frustrate the family financially since they failed to agree on how to share the vast inheritance previously valued at Sh17.8 billion.
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