Funds advised by Kasada Capital Management 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 ...