Barcelo Group to manage 2 new hotels

Barcelo Hotels and Resorts has signed a contract with Moroccan investment fund Maghreb Siyaha Fund (MSF) envisaging the management by the Spanish chain of 2 new hotels in Morocco to open by the end of 2010. The 2 two hotels, each with 250 rooms, will open to the public as four-star hotels, the first one in the Palmeraie in Marrakech; the other will rise in the sea resort of Port Lixus, in Larache. The Mallorca-based group has signed an agreement with a Moroccan bank for the building of 5 hotels in the next 3 years. For the end of 2008 it also envisages the opening of Barcelo Mediterranea Saidia, with 600 rooms. MSF is an investment fund specialised managed by Actif Invest, a subsidiary of the FinanceCom group.

via ANIMAweb