Kasada Capital Management
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...
Kasada Capital Management to Acquire 414-key Safari Hotels & Conference Centre in Namibia
Kasada Capital Management | May 12, 2021
JOHANNESBURG & PORT LOUIS, Mauritius & WINDHOEK, Namibia - 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 ...
Kasada Acquires 1602-Key Sub-Saharan African Hotel Portfolio From AccorInvest
Kasada Capital Management | January 19, 2021
JOHANNESBURG & PORT LOUIS, Mauritius -- January 19, 2021 --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 manag...
