African PE group Actis acquires Sheraton in Casablanca


Emerging market investor Actis and Westmont Hospitality Group have acquired the Sheraton Casablanca hotel in Morocco.

The 309-key Sheraton Casablanca, which was built in 1989 and is located in the heart of the city near the Old Medina and harbour, is the largest internationally branded hotel in Casablanca. Actis and Westmont will implement a comprehensive business plan which includes a full refurbishment, said the GP.

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