Kasada Acquires Former Crowne Plaza in Nairobi’s Upper Hill District

Kasada | July 28, 2022

PORT LOUIS, Mauritius-Kasada announced today that it acquired the former Crowne Plaza Upper Hill in Nairobi, Kenya. Having only recently purchased the Umubano Hotel in Kigali, Rwanda, this second East-African purchase reaffirms Kasada’s status as a pan-African hotel owner and investor. With its strategy of acquiring high quality assets across metropolitan hubs in Sub-Saharan Africa, Kasada is now the most active investor with the initial portfolio of hotels doubling within 18 months thanks to a presence in eight countries. The Crowne Plaza, which opened in 2010, is located in Upper Hill, Nairobi's financial centre and a commercial hub th...