Our portfolio

• BROWNFIELD: 113 Keys
• SOUTH AFRICA: Cape Town
• ACQUISITION DATE: March 2022

Investment thesis

• Full-scale renovation to rebrand and reposition the hotel as a leading luxury hotel in Sub Saharan Africa
• Refurbished rooms and increasing suites in line with Fairmont brand standards
• Refurbished public areas, including adding a signature fine dining restaurant
• Established a new brand identity to distinguish Cape Grace from competitors while retaining its heritage
• Created an additional dining destination on a private quay in the V&A Waterfront

Amenities

2 F&B facilities | Whisky club | Wine cellar | Spa | Pool | Fitness center

• BROWNFIELD: 170 Keys
• NIGERIA: Lagos
• ACQUISITION DATE: December 2020

Investment thesis

• Transition to the more widely recognized brand, Mövenpick
• Add revenue-generating components
• Soft refurbishment of rooms and redesign of public areas and F&B outlets - planned for 2026
• Events pavilion (~600 sqm) to capture lost business from competitors and non-hotel MICE offerings - planned for 2026
• Addition of Wojo space to complement the hotel offering, drive footfall into the complex, and capitalize on the prime office location - planned for 2026

Amenities

F&B | 600 sqm MICE | Gym | Pool | Wojo - post 2026 refurb

• BROWNFIELD: 265 Keys
• IVORY COAST: Abidjan
• ACQUISITION DATE: December 2020

Investment thesis

• Value creation strategy focused on revenue ramp-up and diversification
• Addition of Wojo diversifying hotel revenues and building resiliency

Amenities

1 Restaurant | 2 Bars | 7 Meeting rooms | Fitness & wellness center | Business center | Pool | Wojo

• BROWNFIELD: 166 Keys
• SENEGAL: Saly
• ACQUISITION DATE: September 2022

Investment thesis

• Hotel rebrand to Mövenpick (December 2023), uplifting both ADR and hotel attractiveness
• Soft room refurbishment
• Increased existing premium offering by 20 keys
• Driving higher revenues and occupancy
• Maintenance deferred by previous owners now complete, along with hotel fire and safety aligned with international standards
• Adding new F&B outlets and conversion of underutilized space to MICE facilities

Amenities

3 F&B outlets | 4 Meeting & conference rooms | Fitness center | 2 Pools | 750 sqm Spa | Kids club

• BROWNFIELD: 247 Keys
• SENEGAL: Dakar
• ACQUISITION DATE: December 2020

Investment thesis

• Continue to push market-leading performance while improving cost structure
• Opportunity to acquire a high-performing asset in a location with limited further supply growth
• Achieved EDGE Advanced status

Amenities

1 Restaurant | 1 Bar | 4 Meeting rooms | Fitness & wellness center | Spa | Pool | Wojo

• BROWNFIELD: 206 Keys
• Pullman: 162 keys premium
• KENYA: Nairobi
• ACQUISITION DATE: August 2022

Investment thesis

• Capex program to reposition the hotel into dual-branded Pullman and Mercure (completion Q1 2024)
• Full public area and rooms renovation of the Pullman hotel (162 keys)
• Cost-effective upgrades to convert remaining 44 rooms to Mercure as a midscale offering
• Conversion of 2 vacant office floors to 1,000 sqm Wojo co-working space
• Potential additional F&B offering in the form of a Gastro Pub- remove this did not happen, to diversify on-property F&B experience and capitalize on corporate demand in the Upper Hill node

Amenities

Gym & Spa | 3 F&B facilities| 13 Meeting rooms |300-Person ballroom| Wojo

• GREENFIELD: 124 Keys
• RWANDA: Kigali
• OPENED: November 2025

Investment thesis

• Acquired following Kasada’s engagements with Rwanda Development Board, aiming to restore the asset beyond its former status
• Complete gutting and refurbishment of the existing hotel into a modern Mövenpick, creating local employment and a unique, iconic destination
• Addition of MICE and coworking facilities to provide a full offering to guests
• Large plot size enables flexibility in facilities to appeal to guests seeking a green oasis in the city

Amenities

1 All Day Dining | 2 F&B outlets | 530 sqm MICE | 300 sqm Wojo

• BROWNFIELD: 124 Keys
• SOUTH AFRICA: Cape Town
• ACQUISITION DATE: August 2023

Investment thesis

• Investing in public areas to increase demand from leisure, executive corporate, and international FIT guests - Refurb of public areas planned for 2026
• Drive top-line performance by reconfiguring F&B offering to capture more guests - Refurb of F&B planned for 2026
• Rebranded to Pullman in September 2023

Amenities

3 F&B outlets | 7 Meeting rooms | 1 Pool | Fitness center

• BROWNFIELD: 215 Keys
• NAMIBIA: Windhoek
• ACQUISITION DATE: July 2021

Investment thesis

• Conference center: c.3,900 sqm (2,400 pax), largest in the country
• Premium component rebranded as Mövenpick, focusing on F&B facilities to compete with existing premium hotels and create a destination for upscale dining and events
• Mövenpick brand resonates well with key European leisure source markets (Germany, The Netherlands, United Kingdom)

Amenities

1 Restaurant | 1 Bar | 3 Meeting rooms

• BROWNFIELD: 258 Keys
• IVORY COAST: Abidjan
• ACQUISITION DATE: December 2020

Investment thesis

• Established hotel with opportunity to expand MICE and optimize back office

Amenities

1 Restaurant | 1 Bar | 8 Meeting rooms | Fitness center | Business center | Pool

• BROWNFIELD: 160 Keys
• CAMEROON: Douala
• EXITED IN: July 2024

Investment thesis

• Value creation strategy focused on revenue ramp-up and diversification
• Addition of Wojo to diversify hotel revenues and build resiliency
• Sold hotel in July 2024 as part of active portfolio management strategy; the hotel was not a long-term strategic asset for Kasada

Amenities

1 Restaurant | 2 Bars | 7 Meeting rooms | Fitness & wellness center | Business center | Pool

Brownfield (190 keys)

• BROWNFIELD: 190 Keys
• IVORY COAST: Abidjan
• ACQUISITION DATE: December 2020

Investment thesis

• Re-positioned as a quality economy asset through renovation and re-branding to ibis Styles (fully reopened September 2023)
• Addition of well-adapted and localized F&B concept increasing walk-in guest revenues

Amenities

1 Restaurant | 1 Bar | 3 Meeting rooms | Wojo

• BROWNFIELD: 135 Keys
• IVORY COAST: Abidjan
• ACQUISITION DATE: December 2020

Investment thesis

• Re-positioned as a quality economy asset through renovation and re-branding to ibis Styles (fully reopened September 2023)
• Addition of well-adapted and localized F&B concept increasing walk-in guest revenues
• Increasing walk-in guest revenues
• Introduced Wojo to capitalize on strong demand and drive foot traffic, which benefit other revenue drivers

Amenities

1 Restaurant | 1 Bar | Meeting rooms | Pool | Wojo

• BROWNFIELD: 241 Keys
• SENEGAL: Dakar
• ACQUISITION DATE: December 2020

Investment thesis

• Refurbishing public areas to enhance leading midscale positioning with new revenue generating areas
• Expanding facilities (MICE, Wojo, and gym) and improving the F&B concept
• Improving guest circulation within the ibis and Novotel combo to retain guests longer and increase average spend
• Reintroducing 20 rooms (2024–2025) previously used as offices to increase hotel capacity and capitalize on strong demand

Amenities

1 Restaurant | 1 Bar | 10 Meeting rooms | Pool | Wojo

Greenfield project (170 keys)

• GREENFIELD: 170 Keys
• IVORY COAST: Abidjan
• SCHEDULED OPENING: 2026

Investment thesis

• Located in a fastest growing middle-class area in Abidjan, within an attractive mixed-use precinct with a shopping mall, being developed by HC Capital Partners
• Local area lacks any branded supply (with no pipeline), enabling capitalization on first mover advantage in an area with growing demand as well as significant cross-selling opportunities with the adjacent mall

Amenities

Hotel will include F&B and MICE facilities | Wojo

• BROWNFIELD: 106 Keys
• SENEGAL: Dakar
• ACQUISITION DATE: December 2020

Investment thesis

• Shared facilities, such as the pool, available at Novotel Dakar (same property)
• Refurbishment and rebrand to ibis Styles to better cater to market demands and maintain historical performance
• Improve guest circulation between the ibis and Novotel combo to retain guests longer and increase average spend
• Hotel performing ahead of expectations, supported by strong occupancy

Amenities

1 Bar | 2 Meeting rooms

• BROWNFIELD: 199 Keys
• NAMIBIA: Windhoek
• ACQUISITION DATE: July 2021

Investment thesis

• Completed in June 2023
• Attracting significant government and corporate demand
• Opportunity to become a premier leisure & MICE destination
• Lower-midscale component rebranded as Mercure, filling the market gap for a branded midscale hotel in Windhoek
• Market convention center positioned as the premier events location in SADC
• Creating a “restaurant village” concept and family entertainment area, providing a non existent family entertainment & leisure offering in Windhoek

Amenities

14 Meeting rooms | Fitness center | 3 F&B outlets | Spa | Pool

• BROWNFIELD: 206 Keys
• Mercure: 44 keys midscale
• KENYA: Nairobi
• ACQUISITION DATE: August 2022

Investment thesis

• Capex program to reposition the hotel into dual-branded Pullman and Mercure (completion Q1 2024)
• Full public area and rooms renovation of the Pullman hotel (162 keys)
• Cost-effective upgrades to convert remaining 44 rooms to Mercure as a midscale offering
• Conversion of 2 vacant office floors to 1,000 sqm Wojo co-working space
• Potential additional F&B offering in the form of a Gastro Pub- remove this did not happen, to diversify on-property F&B experience and capitalize on corporate demand in the Upper Hill node

Amenities

Gym & Spa | 3 F&B facilities | 13 Meeting rooms | 300-Person ballroom | Wojo

• GREENFIELD: 177 Keys - Hotel 123, 54 Apartments
• SOUTH AFRICA: Cape Town
• SCHEDULED OPENING: 2026

Investment thesis

• Significant additional lifestyle elements in the redevelopment program, including Ennismore F&B concepts, to further enhance the hotel and attract existing heavy footfall in the area
• Ground floor and 9th floor F&B, alongside co-working areas, to create a positive cycle from guests using the building’s amenities
• Mama Shelter residences targeted to be sold at attractive premiums, helping de-risk part of the investment

Amenities

4 F&B outlets | 1 Pool | Fitness center | Conference rooms | Wojo

• BROWNFIELD: 131 Keys
• SOUTH AFRICA: Johannesburg
• ACQUISITION DATE: September 2024

Investment thesis

• Award-winning lifestyle hotel in one of the most vibrant areas of Johannesburg
• Seamless integration of best-in-class hotel, restaurant, co-working, and commercial spaces

Amenities

1 Restaurant | 1 Bars | 1 Coffee shop | Gym | Co-working

• GREENFIELD: 177 Keys - Hotel 123, 54 Apartments
• SOUTH AFRICA: Cape Town
• SCHEDULED OPENING: 2026

Investment thesis

• Significant additional lifestyle elements in the redevelopment program, including Ennismore F&B concepts, to further enhance the hotel and attract existing heavy footfall in the area
• Ground floor and 9th floor F&B, alongside co-working areas, to create a positive cycle from guests using the building’s amenities
• Mama Shelter residences targeted to be sold at attractive premiums, helping de-risk part of the investment

Amenities

4 F&B outlets | 1 Pool | Fitness center | Conference rooms | Wojo

• BROWNFIELD: 131 Keys
• SOUTH AFRICA: Johannesburg
• ACQUISITION DATE: September 2024

Investment thesis

• Award-winning lifestyle hotel in one of the most vibrant areas of Johannesburg
• Seamless integration of best-in-class hotel, restaurant, co-working, and commercial spaces

Amenities

1 Restaurant | 1 Bars | 1 Coffee shop | Gym | Co-working