Kasada – a leading independent investment platform dedicated to hospitality investments in sub-Saharan Africa – has acquired Umubano Hotel in Kigali, Rwanda.
The Kasada hotels operate under the banner of Accor’s wide range of internationally renowned brands. Kasada will rebrand and redevelop the hotel into a 100-room Mövenpick hotel in accordance with international standards. The Mövenpick hotel brand is represented in more than 30 countries in Asia, Europe, Africa and the Middle East.
Although Kasada intends to retain the flagship architectural aspects of the Umubano Hotel, the renovation programme will ensure the building meets the highest international hospitality and ESG standards (EDGE and Safehotels certification).
The new Mövenpick hotel is set to open in 2025 and will include the addition of health and spa facilities and co-working spaces.
“We are pleased to attract the largest hospitality platform to Kigali to rejuvenate this hotel with its long history. Kasada, backed by Qatar Investment Authority, stood out with its combination of sector expertise, financial scale, and design proposal. We look forward to supporting them in the re-development of this iconic asset,” said Clare Akamanzi, CEO of the Rwanda Development Board.