Impact Case Study: Safari Hotel

Investor Name: Kasada Capital Management

Investment Rationale
The Movenpick and Mercure are Windhoek’s largest hospitality precinct with both hotels combined, totalling 414 keys, including Namibia’s largest conference centre. This investment aims to reposition the Windhoek International conference centre as Namibia’s preferred destination for Meetings, Conferences, Incentives and Exhibitions (MICE) in the SADC region. Through investment in targeted Capex, including the expansion of MICE, food and beverage, and other recreational areas, this investment will also enhance the resilience and appeal of the hospitality sector. This project involves the acquisition of the largest hospitality precinct & Conference Centre in Namibia and its integration with Accor Brands.

Investment Impact
The investment focuses on growing the regional labour market, developing human capital, and solidifying the sector’s GDP contribution. It aims to improve the quality of Namibia’s hospitality to attract high-value, long-haul markets and diversify source markets for resilience. Additionally, it involves partnering with Namibian authorities to promote Namibia via Accor’s distribution platform and expertise, aiding in enhancing “Brand Namibia.”