Hon. Fred Mukasa Mbidde is set to lose his Masaka-based 4-star Hotel, Elsie Hotel, almost two years after he launched it.
Mbidde launched Elsie Hotel in Masaka City in October 2021. He named the hotel after his daughter, Elsie whose mother was the Late Bukomansimbi Woman MP Hon. Susan Namaganda.
Almost two years after the launch, renowned bank auctioneers, Cranimer Associates have put Elsie Hotel up for sale.
In an advert that appeared in the news paper, Cranimer Associates – certified government/bank auctioneers, High Court Bailiffs, Debt and rent collectors, published Elsie Hotel as a debtor, with Mukasa Mbidde as the registered proprietor.
Elsie Hotel is located in Masaka City – Nalubale street, plot 12-14, measuring 0.122 hectares.
The auctioneers have given hotel occupants 14 days to vacate and the owner 30 days to pay or lose the property to the highest bidder.
Netizens have started speculating that Mbidde must have overlooked loan payment and concentrated on his wedding.
Hon Fred Mukasa Mbidde wedded his fiancée, Phiona Nayebale, at Uganda Martyrs Basilica, Munyonyo on Friday April 28, 2023.
According to the wedding chairman, Geofrey Kirumira, they wanted a party that suits Mbidde and hinted at 1Bn.
Mbidde is Politician, Lawyer, businessman and human rights activist.
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