Kasada Hospitality Fund acquires Kenya’s Crowne Plaza Hotel

KENYA – Kasada Hospitality Fund, which is backed by the Qatar Investment Authority (QIA) — the country’s sovereign wealth fund—has fully acquired Crowne Plaza Hotel for an estimated KSh4.6 billion (US$38.77m) from tycoon Nazir Ahmed Akbarali. The deal, which has received regulatory approval, adds to Kasada’s asset acquisitions on the continent after snapping hotels in Rwanda, South Africa, Senegal, Cameroon…

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