Husa Gains a Foothold in Morocco

481.jpgThe hotel chain Husa has recently signed an agreement with H. Partners, an investment fund created by Attijariwafa Bank and Banque Centrale Populaire, two local banks, with the aim of opening a hotel in Marrakech in 2010.

Through the agreement, the Spanish-owned hotel chain will control 15% of the Palmeraie Hotel, with a total investment of two million euros. With an overall cost of 14 million euros, the hotel will have 200 rooms and will be marketed both as an event and holiday hotel. Husa Hotels will also be managing the new complex, located in one of Marrakech’s neighbourhoods with the greatest number of tourist attractions.

This project is part of the chain’s expansion plan in Africa, where it already runs a hotel in Marrakech, and owns two other in El Cairo and Giza, the latter scheduled to be opened later this year.

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