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The opening of the Ritz-Carlton Rabat in 2020

Marriott International, Inc. announced plans to open more than 30 luxury hotels in 2020, including Morocco. “In the coming year, the brand is expected to bring its legendary service to Morocco for the first time, with the planned opening of the Ritz-Carlton Rabat, Dar es Salaam in the dynamic capital …

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Crowdfunding to boost the real estate sector

Real estate in Morocco will revive thanks to crowdfunding, an alternative financial ecosystem, whose legislative framework was approved in parliament. While the real estate sector is going through cyclical downturns marked by a slowdown in sales and large unsold inventories, new financing mechanisms (crowdfunding, REIT…) are coming. From 2020, the …

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Sheraton Casablanca changes ownership

CB Holding, a company under Luxembourg law controlled by Actis GP LLP, has just acquired “Delma d’Investissements Touristiques”. As a reminder, the latter, whose main shareholders are Somed (34%) and the Abu Dhabi Fund for Development (34%), was previously owner of the hotel managed by Sheraton Casablanca. Noting that Actis …

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LafargeHolcim: Decline in turnover

The cement group LafargeHolcim Morocco posted a turnover of 1.9 billion dirhams during the third quarter of 2019, down 1% compared to the same period last year. Thus, the consolidated turnover stood at nearly 5.8 billion dirhams at the end of September, a slight decrease compared to the previous year, …

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Regus: Morocco is an attractive market

Regus continues to grow in Morocco. The flexible workspace specialist has just opened a new site in Casablanca, at Anfa Place. This is its 18th business center in Morocco, a very attractive market for International Workplace Group (IWG), the parent company of Regus. “Morocco, the third most attractive African country …

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Oberoi opens its doors on December 1st

The latest addition to palaces of Marrakech, Oberoi will open on December 1st. It is the first installation of the Oberoi Indian chain in Morocco and North Africa. And for once, the brand has released the big game. She also took her time. Announced for 2015, the project has been …

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