Le 1er Four Seasons s'installe à Marrakech in marrakech marrakech marrakech Travel Marrakech

Also, it is a red carpet which was held at prince Al Walid, given the rank of the character and the announced investment promises. The launching ceremony was chaired by Prince Moulay Rachid. Naturally, the Minister of tourism and crafts, Adil Douiri, and all the figures in the sector were the appointment.

Marrakech tourism project includes a facility to be managed by the American Four Seasons sign and luxury which will provide the city of 142 rooms and suites, with spa and several other leisure facilities. Alongside the hotel, a real estate component accompanies the project with 40 ryads and villas. This residential complex will receive a rental management.

SIS on an area of 15 ha with an investment of one billion DH, the project was announced in 2005 (see www.leconomiste.com). And it was only two years later he was able to start. "Negotiations with the Administration and the expropriation proceedings took longer than expected", indicates.

Indeed, the land previously occupied by Inra, was a property of the fields and cost to the investor the bagatelle of DH 100 million less than. Is 160 DH/m2 for the land component and 240 DH / m2 for the development of the approaches (lighting, paths...)

In the ochre city, this is the real estate company EHC Marrakech Limited that will handle the investment round table is composed of Kingdom Hotel Investments at 78%, EHC 11% and Alliances development for the remaining 11%. "On the hotel, a classical management contract will be established between EHC and teaches Four Seasons for the management of the walls, with 3% of the CA, and 10% of the RBE (gross operating results) for the benefit of the owner of the walls," said Alami Lazrak, Alliance real estate development.

To the responsible Minister, the entry into stage on the market of a teaches as the Four Seasons should boost Marrakech luxury tourism and especially to attract other equally prestigious signs. It augurs well for the visions and strategies put in place to develop the sector.

Reminder, Kingdom Hotel Investments (KHI) is a company based in Dubai and specializing in acquisitions and the development of the hotel chains in Europe, the Middle East and Africa. The company also has shares in 34 properties across 17 countries, of which 20 are operational and 14 under construction or expansion. It is listed on the stock markets in London and Dubai.

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Four Seasons Hotel is a luxury hotel group which is headquartered in Toronto. The company was created by Isadore Sharp in the 1960s with the opening of the first First Season in the Canada. Four Seasons today manages more than 71 Hotels in 31 countries. Since 2006, the prince Al Walid is holds 22% via its holding of participations, Kingdom Hotels International, after a takeover which paid the financial Chronicle. In this alliance, Microsoft founder Bill Gates is present 6% through Cascade Investment Investment Fund.