Actis and Westmont Hospitality Group have acquired the 309-key Sheraton Casablanca hotel, Morocco.
The Sheraton Casablanca offers a unique opportunity to acquire the largest internationally branded hotel in Casablanca. The hotel was built in 1989 and is well-located in the heart of Casablanca near the Old Medina and harbour.
Actis and Westmont will implement a comprehensive business plan which includes a full refurbishment.
The Moroccan macro-environment has s...