The property of M/s J&M Airport Road Hotels in Bwebajja, Wakiso District have been advertised for sale to recover debts for a financial institution.
On Monday, Quickway Auctioneers and Court Bailiffs advertised the sale of the hotel complex which fronts Entebbe Road lying approximately 17Kms from Kampala by August 5 this year.
“Duly instructed by M/s MMAKS Advocates on behalf of their client, a leading financial institution, the mortgagee, we shall sell by public auction/private treaty the properties described unless M/s J&M Airport Road Hotel/apartments and Leisure Centre Limited, the borrower thereof pay to us all the monies owing under the mortgage and the legal fees and costs incurred before the date of sale,” reads, in part, the notice of sale.
According to the notice, the property to be sold include 12 plots of land on block 383 at Kitende, Wakiso District, registered in the name of Goodra Behakanira.
Another four plots on the same block registered in the name of Joseph and Goodra Behakanira and two other plots in the name of Joseph Behakanira are also up for sale. All the said plots of land are measuring approximately 30.502 acres.
“The properties are fully developed with modern hotel facilities including swimming pool, sauna, expensive gardens, health clubs and restaurants,” reads the notice informing the public that the property can be viewed on appointment through the bailiffs’ offices.
“All occupants are hereby directed to vacate the premises before the date of sale to avoid forceful evictions,” the notice warns.
Impeccable sources indicated that Barclays Bank Uganda was the financier. When contacted yesterday, Ms Robinah Mukasa Kamuntu, the communications manager of the bank confirmed but declined to comment on the matter saying it was a subject of court proceedings.
J&M Airport Road Hotel became famous when it was lined up to host delegates for the 2007 Commonwealth meeting. Government extended Shs2.6 billion to its proprietor Joseph Behakanira (now deceased) to spruce up the hotel just two days to the November 2007 summit, money he was supposed to refund. In 2004, during the construction of the hotel, some sections of it collapsed killing at least eight people.
Source: Daily Monitor