Morocco Attracts US$250 Million Financing for Hotel Portfolio Expansion

On 15 October, the International Finance Corporation and Attijariwafa Bank announced a US$250 million financing package for Moroccan subsidiaries of Pickalbatros Hotels & Resorts. The financing is intended to support the acquisition of three hotels in Casablanca and the refurbishment and upgrading of acquired and existing properties. Corporate finance advisers, investors and hospitality operators can explore opportunities in transaction planning, due diligence and investment modelling. The US$250 million is a reported financing package for the hotel group, not a fee for individual advisory services.