Africa

Namibia: Independent Investment Platform Seeks to Aquire Landmark Safari Hotel – Transaction Subject to Approval By the Namibian Competition Commission

Independent investment platform within the Kasada group, Kasada Capital Management on Wednesday announced their move to acquire the 414-key Safari Hotels and Conference Centre in Windhoek.

The Windhoek Safari Hotels was established in 1966. During its 55-year history, Safari Hotels became a well-known landmark recognizable both within Namibia, and to those visitors from the Southern African Development Community (SADC) countries and international community at large.

The transaction will be made through Kasada Hospitality Fund LP and remains subject to approval by the Namibian Competition Commission, the Fund said in a statement.

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 (MICE) venue, the Safari Court Conference Centre that includes a 1,600m2 grand ballroom that can hold up to 2,400 delegates.

Kasada will rebrand the hotels utilizing the management skills, expertise and marketing resources available from its strategic partnership with Accor and its portfolio of renowned international hotel brands. The Safari Court Hotel will be converted to Mövenpick, and the Safari Hotel will become an ibis Styles.

By investing over N$100 million in this refurbishment, Kasada will further improve the existing conference facilities, which are a hub for local, regional, and international events in Namibia, creating a go-to destination for both business and leisure guests.