Kasada Capital Management

Kasada Capital Management describes itself as "an independent investment platform dedicated to hospitality in Sub-Saharan Africa", launched in 2018. Its backers are the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, and the hotel group Accor, and its hotels operate under Accor brands. The vehicle is Kasada Hospitality Fund L.P., which held a close in April 2019 with "equity commitments of over USD 500 million". Its strategy runs from economy to luxury, greenfield and brownfield. The register's reading: Kasada owns, and the brands are held elsewhere. [1,3]

The AccorInvest Portfolio

The debut transaction, announced in January 2021, was the purchase from AccorInvest of eight operating hotels with 1,602 rooms in Côte d'Ivoire, Senegal and Cameroon: in Abidjan the Pullman, Novotel, Ibis Plateau and Ibis Marcory; in Dakar the Pullman, Novotel and Ibis; and the Ibis in Douala. Africa Global Funds quotes the release calling it "one of the largest cross-border hospitality M&A transactions in Africa". Olivier Granet, then Managing Partner and CEO, said: "This is an outstanding portfolio of hotels covering all market segments and fully aligned with Kasada's strategy." [1,2]

Namibia And Cape Town

In May 2021 Kasada agreed to buy the Safari Hotels and Conference Centre in Windhoek, Namibia — the 215-key Safari Court Hotel and the 199-key Safari Hotel — subject to approval by the Namibian Competition Commission. In March 2022 it bought the 120-key Cape Grace at the Victoria & Albert Waterfront in Cape Town, opened in 1996, with a renovation planned towards EDGE green-building certification. CFNews reported in September 2023 a second Cape Town asset, the former Radisson Blu Hotel & Residence, 214 rooms, to be operated by Accor as a Pullman. [3,4,5]

Toward Morocco

On 3 June 2025, citing Bloomberg, Yabiladi reported the portfolio at "19 hotels across seven countries", including the Cape Grace and Pullman houses in Kenya, Côte d'Ivoire and Senegal, and a Moroccan hotel deal expected "in the first half of 2026", with a Casablanca office open. Granet, by then "managing partner and co-chief executive officer", told Bloomberg: "For us to be the leading platform, we have to become pan African." In July 2025 the Mohammed VI Investment Fund selected Kasada, with thirteen other managers, to run a Moroccan tourism fund. Morocco World News, on 19 October 2026, still reports only that selection. [6,7,8,9,11]

Editorial note — ⚑ No Moroccan acquisition is recorded here as completed; the sources read to 19 October 2026 report a selection and an intention, not a deal . ⚑ The figure of 19 hotels in seven countries is Bloomberg's of June 2025, as relayed; no list of the nineteen was read [6,7]. ⚑ The leaders' titles changed: CEO and CIO in 2021–22 [1,3]; both "managing partner and co-chief executive officer" in 2025 [7,8]. ⚑ No source read names a founder or a head office; Bladi calls Kasada "le groupe franco-qatari" , while the register's "South Africa & Qatar" is not confirmed by anything read. ⚑ The Windhoek purchase is printed as agreed, subject to approval; its completion was not read.