Pinto's Hostel On Sale
Submitted by Christopher Tusiime on
The famous Makerere-affiliated girls’ hostel Pinto’s has been put on sale after the owner failed to clear a loan of about USD 2 million.
Pinto’s Girls’ Hostel in Kikoni. It is to be sold off due to failure by its management to clear a loan it acquired.
According to Musa Mayanja, the manager of the hostel, the three-storey structure located in Kikoni is owned by Sir Pinto Distributors Ltd (SPDL) who acquired a loan from a yet to be identified lender and failed to clear the it within the agreed period of time.
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