Glee Hotel has been placed under administration after Equity Bank moved to recover outstanding debt. An administrator has been appointed to take control of the hotel's assets and operations.

• Equity Bank appointed Kamal Anantroy Bhatt of Anant Bhatt LLP as administrator on July 6.
• The hotel failed to service a loan, with its proprietor previously asked to pay Sh100 million.
• This administration process aims to protect the distressed company while exploring options for restructuring or recovering value for creditors.