Kasada to acquire hospitality complex in Namibia
Kasada Hospitality Fund LP, advised by Kasada Capital Management, an investment platform dedicated to the hotel industry in sub-Saharan Africa, announced the acquisition of the Safari Hotels & Conference Centre, in Windhoek, Namibia. This transaction remains subject to the approval of the Namibian Competition Commission.
The hotel complex is strategically located within ten minutes from downtown Windhoek and adjacent to Eros Airport. It consists of the 215-room Safari Court Hotel; the 199-room Safari Hotel; and Namibia’s main venue for meetings, conferences and exhibitions, the Safari Conference Centre which includes a large 1,600 m2 reception hall that can accommodate up to 2,400 delegates.
Kasada will proceed with the rebranding of hotels using its management skills, expertise and marketing resources from its strategic partnership with Accor and its portfolio of renowned international hotel brands. The Safari Court Hotel will be converted into a Mövenpick and the Safari Hotel will become an ibis Styles. By investing more than N$100 million (US$8 million) in this renovation, Kasada will further enhance the existing conference facilities, which are a hub for local, regional and international events in Namibia, creating a premier destination for guests.
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