Hilton International Ltd has announced the sale of its shares in International Hotels (Kenya) Limited which owns the iconic Hilton Hotel located at the heart of the Nairobi CBD fronting four major streets namely Mama Ngina Street, Watalii Lane, City Hallway and Simba Street.
In a notice on Tuesday, April 16, the Company through Knight Frank invited Expressions of Interest (EOIs) for the purchase of its 59.42% shareholding in International Hotels (Kenya) Limited.
“Interested parties should submit comprehensive information Indicating their experience, history and financial capability to undertake the acquisition,” the notice read in part.
Interested bidders are required to provide evidence that they are legally registered or incorporated while individuals must avail copies of national Identification (ID) cards or passports.
Hilton Hotel Bid Requirements
Bidders must also provide the company profile and track record for similar acquisitions.
Besides, the parties must also demonstrate their financial capacity to acquire 59.42% of equity in International Hotels Kenya Limited.
The bidders should also provide a reference letter from a reputable mainstream bank clarifying the availability of reserves to undertake the acquisition.
“Interested parties are requested to submit their Expressions of Interest on email to: Anthony Havelock, phone +254 727 099 364 and [email protected] or to Judith Muange phone number +254 732 400 440 and [email protected],” Hilton International Ltd said.
The subject should read “Expression of Interest – For the Acquisition of Hilton International Ltd shareholding in – International Hotels (Kenya) Limited.”
Also, the company noted that the EOIs must be sent on or before May 7, 2024, to not later than 1100hrs East Africa Time (EAT).
Govt Announces Sale of International Hotels (Kenya) Limited Shares
Meanwhile, the Government of Kenya (GOK) invited through the Privatization Authority Expressions of Interest for the purchase of 40.58% government shareholding in International Hotels (Kenya) Limited which manages the Hilton Hotel.
“Interested Bidders may include persons (natural or legal) and or/Consortium(s). Bidders must be willing to acquire the entire GOK shareholding,” The Authority said.
To bid as a Consortium, the Leader must provide evidence that he/she is legally registered or incorporated and include a Memorandum of Agreement.
However, in the case of individuals, they must avail copies of certified national ID cards or passports for international bidders.
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Bidders should also provide a copy of a valid tax compliance certificate for local bidders and proof of tax remittance certification for international bidders.
“Additional information on the privatization process and the company being privatized (Information Teaser) can be obtained from the address indicated below or from the Authority’s website (https://privatisation.go.ke/transactions-teaser/). Submission Details,” said the Authority.
Additionally, they must demonstrate their financial capacity to acquire 40.58% of equity in International Hotels Kenya Limited.
Provide a bid security of Ksh10 million (or US dollar equivalent at the Central Bank of Kenya (CBK) prevailing exchange rate on the date of EOI Advertisement).
The security must be issued by a bank recognized by the CBK or an equivalent and valid for 180 days from the tender opening date.
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How to Send Bid
In the case of bids submitted through email, the original bid security must be submitted through a registered mail.
Bidders should also provide a reference letter from a bank recognized by the CBK or an equivalent in the country of origin.
“The Privatization Authority will shortlist Bidders from the investors who submit EOls in accordance with the criteria set out in this advertisement,” the notice read.
Interested Bidders should submit the Expressions of Interest in a sealed envelope or electronically through email to the address [email protected]
The envelope or the subject of the email should clearly be marked “Expression of Interest-For the Acquisition of GOK shareholding in International Hotels (Kenya) Limited.”
The EOls must be addressed to and delivered or deposited in the tender box at the address in the photo below not later than 1100hrs East Africa Time on 7th May 2024.
Further, the Authority explained that bidders should not consider an EOI as an offer adding that request for proposals will be issued to shortlisted bidders only.
