The Pearl of Africa Hotel, owned by Aya Investments Uganda Ltd, is facing a public auction due to outstanding debts of 611 billion Ugandan shillings ($162.6 million) owed to the South African firm, Industrial Development Corp. Aya Investments has a thirty-day window to settle the debt and prevent the auction of the Nakasero Hill Road-based hotel, as ordered by government court bailiffs, Armstrong Limited. The hotel, which spans 32,000 square meters and boasts 23 floors, 296 rooms, suites, restaurants, bars, meeting rooms, and executive lounges, is at risk of sale unless the outstanding debt, including interest, and fees is cleared.
The Court of Appeal's ruling in Kampala compelled AYA Investment Uganda to pay the outstanding amount, leading to the decision to auction the 5-star hotel.