Nairobi, April 17 -- The iconic Hilton Hotel in the Nairobi central business district is on sale, charting a new path for the beleaguered establishment which has remained shut and unused since closing shop over a year ago.

The government and Hilton International Limited on Tuesday separately invited expressions of interest from investors willing to acquire the 100 percent equity stake in the hotel.

According to the most recent disclosures covering the financial year that ended in June 2022, the government holds a 40.58 percent stake in International Hotels (Kenya) Limited, the entity that owns the iconic Hilton Hotel, or a respective 5.8 million shares.

The Kenya Development Corporation (KDC), which is the custodian of State shares in ...