Utalii Hotel closes its doors

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The Utalii hotel has been closed indefinitely due to its economic non-viability.
In 2017 Utalii College was broke after posting a Sh410.5 million loss.
The college had reported a deficit of Sh410.6 million down from Sh452.6 million that it recorded in 2016.
The current liabilities balance of Sh3.4 billion at the time had exceeded current assets figure of Sh537.1 million thus resulting in negative working capital of Sh2.8 billion as at June 30, 2017.
The management for failing to comply with the loan agreement signed between the college and the government of Kenya for a loan of Sh140 million.
Payments for the loan amounted to Sh13 million as at June 30, 2017 and the accumulated interest amounts to Sh2.9 billion.
The institution recorded an accumulated fund deficit of Sh658.73 million in the past two years, while its current liabilities stand at Sh3.1 billion.

There was a time it was the hottest institution in .ke. watoto walikuwa kwa kibao.

Information circulating to the public regarding the closure of Kenya Utalii College is incorrect. We would like to clarify to all our stakeholders - students, staff, hospitality industry players and the larger public that Kenya Utalii College was closed temporarily on 20th March 2020 like all learning institutions in line with Government’s directive due to COVID-19 pandemic.

The operations of Utalii Hotel too, have been greatly affected by the COVID-19 pandemic that has impacted negatively on hospitality players across the globe. The decision to close the hotel temporarily is a proactive measure and safety precaution taken in order to ensure the well-being of our guests and employees.

During this period, we urge you to continue maintaining personal hygiene and follow all Government directives to keep yourself, your family and other Kenyans safe from this dreaded virus #StaySafe
#KenyaUtalii

From the CEO, Kenya Utalii College

Hotest institution? Hio hoteli ndio ilikua kichinjio,ma lecturers kazi ilikua kunyandua between lessons, ukijua mmoja unapewa discount ya room ,ukileta kunguru extra,room ni free. They didnt go bust for no reason,occupancy was atleast 60% but most ni za chini ya maji.

I was once a ‘student’ for like 8 months ,ka kunguru kalinichanganisha. Had to pay the watchie a substancial amount mwisho wa mwezi ili niweze kuingia na kulala :D:D:D

ulikua unaattend classes za kuchemsha mayai

FISKED

Mtangoja sana. Government parastatals have 99 lives. Kama KQ, Mumias Sugar, uchumi etc hazijawahi kufa after losing billions every year, mnafikiria loss ya half a billion itastua gava?? G.O.K can run a parastatal at a loss for decades before letting it fold.

Nilikua natomba kunguru ambazo ni bibi za watu saa hii.Niko na list btw ,mmoja saa hii ako na ka cheo pale ministry of foreign affairs wawili wako dubai wanaangalia mbiachara ya abdul ,wote wameolewa,incase uko na kunguru unajua ilikua KUC, ambia yeye,Tom says hi:D:D:D:D

Wewe ni Chacha mwenye alikuwa anakamua women reps?