IFC backs Kasada Capital to support the hospitality sector in Sub-Saharan Africa

SSA – Kasada Capital Management (Kasada), the investment platform within Kasada Group dedicated to hospitality investments in Sub-Saharan Africa, has announced that IFC will form a partnership with Kasada Hospitality Fund LP by providing senior loan financing to accelerate Kasada’s strategy of building a strong and resilient hotel portfolio across sub-Saharan Africa. IFC will extend up to US$160 million of debt funding to Kasada, backing its plan to support the hospitality sector and instill globally recognized ESG practices in its hotels. The first loan granted by IFC, in collaboration with…

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Jamie Pujara – Hospitality Guru Wins Global Award As He Dabbles Into Real Estate To Pivot From Covid-19

Jamie Pajura was recently awarded the prestigious Mark Lincoln Volunteer of the Year Award 2021 by the Entrepreneurs’ Organization for his selfless dedication to helping fellow business owners survive the Covid-19 pandemic. An entrepreneur whose family opened Nairobi’s first Chinese restaurant Tin Tin Restaurant in 1978, he is an avid investor with prior forays into E-commerce and has recently entered the real estate business. Africa Inc. magazine had a chat with Jamie Pujara.

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Radisson Blu celebrates a decade as the largest upper upscale brand in Europe, confirms 16 new signings in EMEA

WORLD – Radisson Hotel Group is celebrating Radisson Blu’s reconfirmed position as the largest upper upscale brand in Europe for the past decade and continues its successful portfolio growth in Europe, Middle East and Africa with over 2,000 rooms and 16 signings added to the Group’s portfolio in quarter 1. In a year of historic challenges, Radisson Hotel Group has remained actively committed to its five-year development plan to be recognized as one of the top hotel brands in the world and the brand of choice for owners, guests, and…

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Dubai’s Aleph Hospitality inks management deal for three hotels in Kenya

KENYA – Dubai-based hotel management company Aleph Hospitality has signed management contracts for three Kenyan hotels – Boma Nairobi, Boma Inn Nairobi, and Boma Inn Eldoret, fully owned by Red Court Hotel, a subsidiary of Kenya Red Cross Society. As part of the agreement, Aleph Hospitality has pledged financial support to the Kenya Red Cross, by donating a percentage of fees it earns from the hotels to local charitable initiatives. Being managed under Red Court Hotel’s home grown Boma brand until now, Aleph Hospitality will now take over these properties…

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Hemingways Group appoints Ross Evans as new CEO

KENYA – Luxury hotels chain Hemingways Group, has appointed Ross Evans as the new Chief Executive Officer responsible for all management of the Hemingways Group which includes the Hemingways Collection luxury hotel division, Express Travel Group and Hemingways Expeditions effective April 1, 2021. Evans will replace Alastair Addison who will be stepping down as chief executive. Prior to his appointment, Ross Evans had served as the group’s operations director for over five years. “I want to thank Alastair enormously for his valuable contribution to the Group as CEO for the…

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Courtyard Hotel Rosebank Johannesburg reopens after refurbishment

SOUTH AFRICA – Courtyard Hotel Rosebank in Johannesburg has refurbished its rooms and reopened to accommodate its first group of guests since its temporary suspension of services at the start of Covid-19 lockdown. With fresh furniture, furnishings and air-conditioning units, the hotel is keen to welcome back guests. The 83-room Courtyard Hotel Rosebank is located in a trendy business and leisure neighbourhood of Johannesburg’s northern suburbs, directly opposite the Gautrain Rosebank Station. The hotel guests have easy access to a string of interleading malls and outdoor spaces consisting of The…

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Radisson Hotel Group eyes 30 openings across MEA and Europe in 2021

AFRICA – Radisson Hotel Group has outlined plans to add 30 hotels and over 5,000 rooms to its portfolio across Europe, the Middle East and Africa in 2021. The openings will include seven properties under the group’s growing Radisson Collection brand in France, Italy, Spain, Turkey, and Saudi Arabia, with new locations including Seville and Lyon. Last month the Grand Hotel Savoia Cortina d’Ampezzo in northern Italy became the latest member of the Radisson Collection, following an extensive renovation project. Radisson Hotel Group opened over 20 properties in the Europe, Middle…

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Radisson Hotel Group continues with Africa expansion despite Covid-19 challenges

AFRICA – Radisson Hotel Group has made Africa the centre of its growth strategy and aims to reach around 150 hotels in operation and under development by 2025. Ahead of its five-year plan, the company continues its transformation and seeks to cement its leadership across the continent but also aims to be recognized as one of the top three hotel brands in the world. During 2020, the group was able to increase its African portfolio with nine hotel signings, resulting in an addition of more than 1,600 rooms, further reinforcing…

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Sun International becomes latest member of Global Hotel Alliance

SOUTH AFRICA – Global Hotel Alliance (“GHA”), the world’s largest alliance of independent hotel brands, and operator of the award-winning, multi-brand loyalty programme, DISCOVERY, announced that Sun International will become the latest addition to its growing network of over 35 independent brands and 570 hotels in 85 countries. The Johannesburg Stock Exchange listed, Sun International is one of the largest gaming and hospitality groups in South Africa, with the flagship Sun City Resort including The Palace of the Lost City hotel, and leading luxury and lifestyle hotels such as The…

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Asset manager Futuregrowth acquires stake in Thebe Tourism Group

SOUTH AFRICA – Fixed -interest asset manage Futuregrowth Development Equity Fund has acquired a significant stake in Thebe Tourism Group, alongside its senior management. The deal was concluded in December 2020. Although the sector has been one of the hardest hit during COVID-19, the iconic properties owned by Thebe Tourism position it well for the industry’s inevitable recovery from the challenges it has faced. Thebe Tourism was founded in 2001 and the senior management team, Jerry Mabena and Brett Hendricks, have steadily built an A-list portfolio of uniquely South African…

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