Image © Kasada Capital Management
Real estate platform Kasada is to update its new hotel acquisition, a coastal resort in Senegal.
The independent hospitality private equity provider has bought The Lamantin Beach Resort & Spa in Saly, one of the most popular seaside retreats in the country.
Enhancing experiences
The asset is located along the Petite Côte, a prominent leisure hub that attracts international and local visitors. 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 the beach resort are intended to enhance guest experience and ensure leading environmental and social governance practices.
Significant local value
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.”
Kasada’s sub-Saharan African focus has seen the firm purchase three other properties in Senegal, the Pullman, Novotel and Ibis Dakar, which were acquired in January 2021.
The real estate firm currently has other African property refurbishments underway, including Crowne Plaza Hotel Nairobi in Kenya and Movenpick Hotel Kacyiru in Kigali, Rwanda.
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Kasada Capital Management is an independent investment platform within the Kasada Group, dedicated to hospitality in Sub-Saharan Africa.
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