US EditionInside Story!! Sheraton Hotel On Sale At Ugx 317 Billion - Details Emerge On Why Uganda's Oldest 5 Star Hotel Is On Market - The Witness Uganda
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Inside Story!! Sheraton Hotel On Sale At Ugx 317 Billion - Details Emerge On Why Uganda's Oldest 5 Star Hotel Is On Market - The Witness Uganda
Uganda’s oldest five-star hotel, Sheraton Hotel, is up for sale with a staggering price tag of Shs.317 billion ($85 million). Originally opened in 1967 as Apolo Hotel by President Milton Obote, it was later rebranded as Sheraton Kampala Hotel in 1991. The hotel was sold to Midroc, a Saudi Arabian company, in 2001, which has since sold shares to six other investors.The decision to sell the hotel has been kept under wraps by the owners and manage…
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