Nairobi, March 29 -- The Privatisation Authority has rolled out the sale of the government's 33.83 percent shareholding in Kenya Hotel Properties Limited(KHPL), which owns the building which was previously managed by the Intercontinental Hotel Group in Nairobi.

The State on Thursday invited investors to bid for its stake in KHPL, cementing a series of planned divestitures from the hospitality industry.

"The Government of Kenya, through the Privatisation Authority invites expressions of interest (EOIs) from prospective investors for the acquisition of 33.83 percent of government shareholding in KPHL," the Privatisation Authority said in a call for bids.

Intercontinental Hotel shut its doors at the building adjacent to Parliament in Augu...