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Default After the Grand Regency Libyan Buy Out, Kuwaitis Eye Intercontinental - 07-07-2008, 10:50 AM

Even before the dust settles on the controversy over the sale of the Grand Regency Hotel to interests linked to Libya - it has emerged that a company out of Kuwait, the M.A. Kharafi Group is in discreet discussions with both the management of the Kenya Tourism Development Corporation (KTDC) and the Intercontinental Hotel Group to buy the Hotel Intercontinental Nairobi.

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