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Kasada to Acquire 414-Key Safari Hotels & Conference Centre, the Largest Hospitality Complex in Namibia
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Kasada Capital Management (ci-après Kasada), la plateforme d’investissement du groupe Kasada dédiée aux investissements dans l’hôtellerie en Afrique subsaharienne, annonce ce jour la signature d’un partenariat entre son fonds Kasada Hospitality Fund LP et la Société financière internationale1 (IFC) concernant la levée d’une dette senior visant à accélérer la constitution par Kasada d’un portefeuille hôtelier solide et résilient en Afrique subsaharienne.
IFC accordera jusqu’à 160 millions de dollars US de financement à Kasada pour son plan de soutien au secteur hôtelier et de mise en place dans ses établissements des pratiques ESG conformes aux standards internationnaux.
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Kasada to Acquire 414-Key Safari Hotels & Conference Centre, the Largest Hospitality Complex in Namibia
May 12, 2021 GMT
JOHANNESBURG & PORT LOUIS, Mauritius & WINDHOEK, Namibia (BUSINESS WIRE) May 12, 2021
Funds advised by Kasada Capital Management today announced the acquisition of the 414-key Safari Hotels and Conference Centre in Windhoek, Namibia. This transaction will be made through Kasada Hospitality Fund LP (“Kasada”) and remains subject to approval by the Namibian Competition Commission.
The hotel complex is strategically located within ten minutes of Windhoek’s city center and adjacent to Eros Airport. It consists of the 215-key Safari Court Hotel, the 199-key Safari Hotel and Namibia’s foremost Meetings, Incentives, Conferencing, Exhibitions (MICE) venue, the Safari Court Conference Centre that includes a 1,600m 2 grand ballroom that can hold up to 2,400 delegates.
Kasada Acquires 1602 Keys Sub-Saharan African Hotel Portfolio From AccorInvest
Funds advised by Kasada Capital Management today announced the first transaction made through the debut fund, Kasada Hospitality Fund LP (“Kasada”), acquiring a portfolio of Sub-Saharan African Hotels from AccorInvest.
The landmark deal is one of the largest cross-border hospitality M&A transactions in Africa and will see Kasada take control of eight fully operational hotels across three countries - Ivory Coast, Senegal and Cameroon - comprising 1,602 hotel rooms focussed on servicing intra-regional business travel in Africa.
In taking on full ownership and management of the portfolio, Kasada, a game-changer for hospitality in Africa, has committed to implementing new standards in terms of local management teams and environmental footprint while ensuring guest satisfaction levels continue to develop. It sits at the core of the firm’s strategy to become a solution provider for the sustainable growt
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