Home Latest NewsBusiness The Day William Chepkut’s Multi-million Hotel in Eldoret Was Put Up For Auction

The Day William Chepkut’s Multi-million Hotel in Eldoret Was Put Up For Auction

by Mustafa Juma

As Kenyans continue mourning the sudden death of immediate former Ainabkoi MP William Chepkut, there are many things they will live to remember him for.

From his humor while serving in the 12th parliament, to some of the controversies he was caught up in.

Chepkut collapsed on Saturday morning and was rushed to Mediheal Hospital in Nairobi where he was pronounced dead.

Well, in March 2019, the longest serving personal assistant of the late powerful minister Nicholas Biwott was caught up in a scandal with a bank after defaulting on a loan.

The bank was forced to put up for auction his multi-million shilling hotel in Eldoret.

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Royalton Hotel which was owned by the late William Chepkut sat on a 3.68-acre piece of land and contained six cottages, five related buildings and lodging blocks.

The auction notice published in March 2019 by Watts Auctioneers invited potential buyers of the hotel to attend a sale event mid the following month.

According to the notice, a deposit of at least 25 per cent was required.

The auction came as the number of properties going under the hammer or businesses crippled by mounting debt had risen sharply.

The hotel’s lodging block comprised a three-storey building with each floor accommodating similar eight self-contained lodging rooms.

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