Morocco Secures US$250 Million Hotel Financing to Expand Tourism Capacity

On 15 October, the International Finance Corporation and Attijariwafa Bank announced US$250 million in financing for Pickalbatros Hotels & Resorts’ Moroccan operations. The financing will support the acquisition of three hotels in Casablanca and refurbishment and upgrades across the group’s portfolio, with the broader initiative expected to support more than 7,500 jobs. Hotels, tourism operators and hospitality-service providers can explore opportunities in property upgrades, guest-service technology and operational efficiency. The US$250 million figure is the announced financing package, not a standalone hotel renovation contract price.