Namibian Competition Commission

Qatar backed fund buys Safari Hotels

Qatar backed fund buys Safari Hotels

Staff Writer Kasada Capital Management, a fund backed by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar, and French hospitality group, Accor, has announced its acquisition of the Safari Hotels and Conference Centre in Windhoek for an undisclosed amount. The transaction, which is still subject to approval by the Namibian Competition Commission, will be made through Kasada Hospitality Fund LP. The acquisition comes as the 55-year-old, 414 room hotel and conference venue, has been on the market after a failed 2018 bid by United Africa Group to acquire JH Hamman Beherende Beleggings, the holding company…
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