Kasada Hospitality Fund Buys Majority Stake in Southern Sun Ikoyi Hotels
Posted on 06/05/2022
South Africa-based Southern Sun Africa sold its 75.55% majority shareholding in Southern Sun Ikoyi Hotels, one of Nigeria’s largest business hotels, to Kasada Albatross Holding, which is a subsidiary of Kasada Hospitality Fund LP.. Nigerian entities own the rest of Southern Sun Ikoyi Hotels at 24.45% ownership. The deal is valued at roughly US$ 30.4…
