PickAlbatros files for Mövenpick Casablanca, its second Casablanca hotel buy in a month

PickAlbatros has filed to acquire Mövenpick Casablanca from Casablanca-listed insurer Sanlam Morocco and its hotel-holding subsidiary Luxor notice (pdf) for USD 47 mn from Risma

The 184-key acquisition covers both the hotel’s commercial and real estate assets

The Morocco book is filling up fast: acquired in 2024 website

BACKGROUND- PickAlbatros signaled plans to expand its presence in Morocco three years ago USD 140 mn in investment 19.8 mn arrivals

IN CONTEXT- The Mövenpick filing is part of a larger USD 200 mn investment pipeline for 2026. an EGP 3.8 bn allcash transaction