Kasada to build dual-branded hotel in Abidjan, Côte d’Ivoire

Kasada, a real estate private equity platform, will develop a new dual-branded hotel in the Angré district, Abidjan, Côte d’Ivoire.

The hotel, which will be located within the complex being developed by HCCP, will include minimized water consumption as well as efficient energy and waste management to meet international environmental and social standards.

The complex will be a retail-led mixed-use development with more than 150 hotel keys, a shopping center with over 60 stores, restaurants, a mini entertainment park, offices, a co-working space, and a clinic.

Olivier Granet — Kasada Managing Partner and CEO said: “We are proud of bringing to Angré’s district its very first international branded hotels and developing a project that will not only benefit our clients but also the local community.

“Through this greenfield program in this unique location, we demonstrate once more the innovative dynamics of Kasada.”

Kasada to develop a dual-branded hotel in Abidjan, Côte d’Ivoire. Photo courtesy of Business Wire.

Planned to open in 2024, the complex will come up on a five-hectare site and currently will seek to be certified EDGE, the World Bank’s green building certification program.

David Damiba — Kasada Managing Partner and CIO said: “We look forward to the execution of this new expansion in Abidjan, a city where we have committed significant capital to date which testifies to our strong belief in the country’s robust macroeconomic outlook.

“With this combo hotel, we are targeting the economy and extended stay segment to provide an attractive offer at the right price, in the heart of a high-density area.”

Kasada, which is dedicated to hospitality in Sub-Saharan Africa, operates greenfield hotels under the banner of Accor‘s wide range of brands.

In 2018, HCCP opened Cosmos Yopougon, a Grade A shopping center in Abidjan’s largest municipality.