Oxford No. 1 Hotel Management Rejects Receivership Claims, Vows to Appeal High Court Order

The management of Oxford No. 1 Hotel, a prominent luxury property in Osu, Accra, has officially refuted reports that the facility has been taken over by a court-appointed receiver. In a series of statements released on July 23, 2026, Kensington Residential Partners 1 Limited (KRP1 Ltd), the developers and managers of the hotel, asserted that the property remains firmly under their control. This clarification comes in response to a High Court ruling on July 21, 2026, which authorized Cola Holdings Ltd to appoint a receiver to take possession of the hotel following a prolonged financial dispute.

The legal conflict centers on an International Finance Corporation (IFC) loan used for the hotel's development. Cola Holdings Ltd claims to have settled the debt and sought reimbursement from KRP1 Ltd, eventually securing a court warrant for a receiver, Nii Amanor Dodoo, to assume control. However, KRP1 Ltd disputes the legitimacy of these claims, arguing that Cola Holdings has not provided sufficient proof of the loan repayment. The management further alleges that Cola Holdings' actions constitute a breach of fiduciary duty and represent an attempt at "double recovery" of alleged debts, particularly given the operational challenges the hotel faced during the COVID-19 pandemic.

Despite the High Court order, the management has reassured stakeholders and the general public that the hotel remains fully operational and open for business. They emphasized that the enforcement of the receiver’s appointment is subject to a stay, with an implementation window that has not yet elapsed. KRP1 Ltd has already initiated the process to appeal the court's decision, citing procedural and substantive disagreements with the ruling. "The public is advised to ignore claims of a takeover and await the outcome of the legal process," the management stated, adding that they are committed to protecting the integrity of the business.

As the legal battle unfolds, the case highlights the complex financial arrangements often behind major real estate developments in Ghana. The Oxford No. 1 Hotel, which is associated with Ghanaian business mogul Nana Kwame Bediako, also known as "Cheddar," serves as a high-profile landmark in the capital. The outcome of the appeal by KRP1 Ltd will be critical in determining the future governance of the luxury facility. For now, the management maintains that services continue uninterrupted, urging patience from clients and partners as they navigate the judicial system to resolve the ownership and debt disputes.