The J&M Airport Road Hotel in Bwebajja, Wakiso District that was
recently advertised to be sold by a financial institution. Such sales,
banks argue, should not be taxed because they are meant to recover bad
loans. FILE PHOTO
Kampala.
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.
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.
CHOGM fame
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.
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.
ekasozi@ug.nationmedia.com
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