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Kasese's Landmark Hotel Margherita Faces Auction as Reco Industries Assets Head for the Hammer Over Debt Default
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Kasese's Landmark Hotel Margherita Faces Auction as Reco Industries Assets Head for the Hammer Over Debt Default
One of Kasese’s most prominent hospitality assets, Hotel Margherita, is on a countdown to the auctioneer’s hammer after a debt recovery process was initiated by a financial institution against Reco Industries Limited. A public notice issued by Armstrong Limited, a firm of court bailiffs and auctioneers, indicates that the property will be sold by public auction or private treaty within 30 days of the notice unless the outstanding debt, together …
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