SENEGAL – Kasada, an independent real estate private equity platform dedicated to hospitality in sub-Saharan Africa, has announced that it has acquired one of the most popular seaside resorts in Senegal: The Lamantin Beach Resort & Spa.
This is Kasada’s 4th property in Senegal following the acquisition of the Pullman, Novotel and Ibis Dakar in January 2021.
“The Senegalese economy has shown resilience throughout the pandemic, and we are excited to add this asset to our portfolio,” Olivier Granet and David Damiba, Kasada’s Managing Partners said.
“We believe the combination of the hotel’s popularity and our savoir-faire will create significant value to our guests and the local community.”
The asset is located along the Petite Côte, in Saly, a prominent leisure hub that attracts international and local visitors alike. It features 166 keys, meeting rooms, 2 swimming pools, a spa & wellness area, a water sports centre, and is one of the only hotels with direct access to the beach.
Upcoming renovations to this 166-key beach resort will enhance guest experience and ensure leading environmental and social governance practices.
Kasada is an independent real estate private equity platform dedicated to hospitality in Sub-Saharan Africa, advised by Kasada Capital Management part of the Kasada group.
The firm was launched with the backing of Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, and Accor, a world leading hospitality group. Kasada’s strategy spans all segments from economy to luxury and targets both greenfield and brownfield projects.
Kasada’s hotels are operated under the banner of Accor’s wide range of internationally renowned brands. By investing in a region which offers robust growth opportunities,
In this year alone Kasada has made three hotels acquisition in Africa. Early this year Kasada announced the acquisition of the 120-key Cape Grace hotel in Cape Town, South Africa. The acquisition marked 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.
In July, it acquired the former Umubano hotel in Kigali, Rwanda. The investment platform has also disclosed a commitment to spending US$40 million on upgrading the Umubano hotel to a five-star.
Kasada later fully acquired Kenya’s Crowne Plaza Hotel for an estimated KSh4.6 billion (US$38.77m) from tycoon Nazir Ahmed Akbarali.
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