Kasada acquires Senegalese seaside resort

Kasada, an independent real estate private equity platform dedicated to hospitality in sub-Saharan Africa, has acquired The Lamantin Beach Resort & Spa in Senegal. This is Kasada’s fourth property in Senegal following the acquisition of the Pullman, Novotel and Ibis Dakar in January 2021.

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, two swimming pools, a spa and 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 the guest experience and ensure leading environmental and social governance practices.

Olivier Granet and David Damiba, Kasada’s managing partners said, “The Senegalese economy has shown resilience throughout the pandemic, and we are excited to add this asset to our portfolio. We believe the combination of the hotel’s popularity and our savoir-faire will create significant value to our guests and the local community.”