Kasada, the leading independent real estate private equity platform dedicated to delivering attractive sustainable value across the hospitality sector in Africa, announces the sale of the Ibis Douala located in Bonanjo, a key business district of the city of Douala, in Cameroon to Christina Hotel, part of the Bocom Group.
Kasada originally acquired this non-core property as part of an 8-hotel portfolio transaction in 2021, which was one of the largest cross-border hospitality transactions in Africa at the time.
As part of Kasada’ active portfolio management strategy, this hotel was not a long-term strategic asset for Kasada.
The 160-key hotel was originally opened in 1985 in a key business district of Douala and comprises a restaurant, bar, outdoor pool, and several meeting rooms. The property obtained EDGE green building certification in 2022. Kasada extends its best wishes for a bright future to both the hotel and its excellent and dedicated staff.