KCB Bank is set to auction the Cysuites Apartment Hotel, a property linked to investment firm Cytonn, over an outstanding debt of Sh426 million, according to a report by Bizna Kenya.
The report, published on Monday, August 3, 2026, indicates that the bank has moved to recover the amount through a public auction of the hotel property. The move follows an apparent failure by Cytonn to settle the debt owed to KCB.
Cysuites is part of Cytonn’s real estate portfolio, which has faced financial strain in recent years. The auction represents a significant escalation in the lender’s efforts to recover funds from the troubled investment firm.
Bizna Kenya’s report did not specify a date for the auction or provide further details on the terms of the loan. It also did not include a response from Cytonn or KCB regarding the planned sale.
The development adds to a series of challenges for Cytonn, which has been dealing with liquidity issues and investor concerns. The auction of a high-profile asset like the Cysuites hotel could mark a turning point in how the firm’s creditors handle outstanding obligations.
Observers will be watching to see whether Cytonn can reach a last-minute settlement with KCB or if the auction proceeds as planned. The outcome could signal how other lenders approach similar debts tied to the firm’s properties.
