Côte d’Ivoire’s Abidjan to welcome dual-branded hotel

Sub-Saharan real estate private equity platform Kasada is to build the first internationally-branded hotel in the district of Angré in Abidjan, Côte d'Ivoire.

The dual-branded property will be part of a larger retail and office park under development by HC Capital Properties (HCCP) on a 5 hectare site.

Dual branded

A total of 150 keys will be spread across two Accor group brands within the complex, comprising ibis Styles Abidjan and Adagio Abidjan.

This new mixed-use precinct is aimed at becoming an anchor in the local community and generating significant impact. The development, scheduled to open in 2024, will seek to be certified EDGE, the World Bank’s green building certification programme, and will also feature a shopping centre with over 60 stores, restaurants, a mini entertainment park, offices, a co-working space, and a clinic.

Green greenfield

For this greenfield project in West Africa, Kasada has chosen to work with an investment and development company that has a proven institutional track record. HCCP has previously successfully developed Cosmos Yopougon, a Grade A shopping centre opened in 2018 in Abidjan’s largest municipality. The mall has had the highest footfall in Côte d’Ivoire since 2019.

With a commitment to incorporating the highest ESG standards into their projects, Kasada aims to ensure that the construction of the greenfield hotels and their operations meet the strictest international environmental and social standards. This will include reduced water consumption as well as efficient energy and waste management.

Community benefit

Olivier Granet, Kasada’s managing partner and CEO, said: “We are proud of bringing to Angré’s district its very first international-branded hotels and developing a project that will not only benefit our clients but also the local community. Through this greenfield programme in this unique location, we demonstrate once more the innovative dynamics of Kasada.”

David Damiba, Kasada’s managing partner and CIO, added: “We look forward to the execution of this new expansion in Abidjan, a city where we have committed significant capital to date which testifies to our strong belief in the country’s robust macroeconomic outlook. With this combo hotel, we are targeting the economy and extended stay segment to provide an attractive offer at the right price, in the heart of a high-density area.”

Kasada across Africa

Kasada is also currently working on several other hotel projects across Africa. One of these is the rebranding of Umubano Hotel in Kigali, Rwanda into Movenpick Hotel Kacyiru. The transformation of the 100-room site will see the addition of health and spa facilities and co-working spaces, Completion is scheduled for 2025.

On the slate in Kenya is a refurbishment of the 206-key Crowne Plaza Hotel Nairobi, rejuvenating the public areas and improving the hotel’s environmental performance, with the project due to finish in Q1 2024. Another renovation underway is The Lamantin Beach Resort & Spa in Saly, Senegal, with the refreshment of the 166-room hotel expected to end in 2024.