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City Lodge Buys 50% Stake in Fairview to Expand in East Africa

May 30 (Bloomberg) -- City Lodge Hotels Ltd. said it acquired a 50 percent stake in Fairview Hotel, which owns two hotels in Nairobi.

The company will seek further expansion in East Africa, with potential sites identified in Kenya, Tanzania, Rwanda and Uganda.

Link to Statement:{NSN M4TKTP3HBS3K <GO>}

Link to Company News:{CLH SJ <Equity> CN <GO>}

To contact the editor responsible for this story: Nasreen Seria at nseria@bloomberg.net

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