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Kasada Exits Ibis Douala

Staff writer
July 19, 2024, 9:54 p.m.
1425

Word count: 148

Kasada, an independent real estate private equity platform dedicated to delivering attractive sustainable value across the hospitality sector in Africa, has sold the Ibis Douala located in Bonanjo, a key business district of the city of Douala, in Cameroon to Christina Hotel, part of the Bocom Group.

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Kasada, an independent real estate private equity platform dedicated to delivering attractive sustainable value across the hospitality sector in Africa, has sold the Ibis Douala located in Bonanjo, a key business district of the city of Douala, in Cameroon to Christina Hotel, part of the Bocom Group.

Kasada originally acquired this non-core property as part of an 8-hotel portfolio transaction in 2021, which was one of the largest cross-border hospitality transactions in Africa at the time.

As part of Kasada’ active portfolio management strategy, this hotel was not a long-term strategic asset for Kasada.

The 160-key hotel was originally opened in 1985 in a key business district of Douala and comprises a restaurant, bar, outdoor pool, and several meeting rooms. The property obtained EDGE green building certification in 2022. Kasada extends its best wishes for a bright future to both the hotel and its excellent and dedicated staff.

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