Cape Grace hotel
Recently Acquired Cape Grace Hotel to Transition to Cape Grace Fairmont
Fairmont | March 9, 2023
DUBAI, United Arab Emirates, March 9, 2023-- Featuring an extraordinary location, on the vibrant V&A Waterfront, between an international yacht marina and the working harbour, with the breath-taking Table Mountain as a backdrop, the Cape Grace Hotel will transition into a fully branded Fairmont (https://www.Fairmont.com) property by end of 2023 (“Cape Grace by Fairmont”). The property has recently been purchased by Kasada Hospitality Fund LP (“Kasada”), the leading independent real estate private equity platform dedicated to hospitality in Sub-Saharan Africa. Guests staying at the hotel can choose to stay at one of its 120 luxu...
Kasada Acquires Iconic 120-Key Cape Grace Hotel in Cape Town, South Africa
Kasada | March 24, 2022
PORT LOUIS, Mauritius – March 24, 2022 – Funds advised by Kasada Capital Management (“Kasada”) today announced the acquisition of the 120-key Cape Grace hotel in Cape Town, South Africa. This acquisition marks Kasada's entry into the South African hospitality market and the continued fulfilment of the platform’s strategy to expand its presence in key cities across Sub-Saharan Africa. Kasada will now deploy its expertise in Cape Town with an asset voted one of the “Top Luxury Hotels” in the continent. Originally opened in 1996, the Cape Grace is located in Cape Town’s Victoria & Albert Waterfront district and is one o...
