5 star hotel in Marrakesh, Morocco for sale


5 star hotel in Marrakesh, Morocco

Marrakesh, Morocco

NEGOTIABLE

42 000 000 EUR

Agent: Giovanni Conti - North Africa, Europe, and African East Coast Mainland and Islands Specialist
Agent Cellphone: +201002598085
Agent Office Number: +201002598085
Agent Email Address: cliff@exquisitehotelconsultants.co.za
Type: Hotel
Bedrooms: 226
Bathrooms: 226
Showers: 226
Parking: 226


Marrakesh, also known by the French spelling Marrakech, is a major city of the Kingdom of Morocco. It is the fourth largest city in the country, after Casablanca, Fez and Tangier. It is the capital city of the mid-southwestern region of Marrakesh - Safi. Located to the north of the foothills of the snow-capped Atlas Mountains, Marrakesh is situated 580 km (360 mi) southwest of Tangier, 327 km (203 mi) southwest of the Moroccan capital of Rabat, 239 km (149 mi) south of Casablanca, and 246 km (153 mi) northeast of Agadir.

Marrakesh is possibly the most important of Morocco's four former imperial cities. The region has been inhabited by Berber farmers since Neolithic times, but the actual city was founded in 1062 by Abu Bakr ibn Umar, chieftain and cousin of Almoravid king, Yusuf ibn Tashfin. In the 12th century, the Almoravids built many madrassas (Koranic schools) and mosques in Marrakesh that bear Andalusian influences. The red walls of the city, built by Ali ibn Yusuf in 1122–1123, and various buildings constructed in red sandstone during this period, have given the city the nickname of the "Red City" or "Ochre City". Marrakesh grew rapidly and established itself as a cultural, religious, and trading centre for the Maghreb and sub-Saharan Africa; Jemaa el Fnaa is the busiest square in Africa.

After a period of decline, the city was surpassed by Fez, but in the early 16th century, Marrakesh again became the capital of the kingdom. The city regained its preeminence under wealthy Saadian sultans, Abu Abdallah al-Qaim and Ahmed al-Mansur, who embellished the city with sumptuous palaces such as the El Badi Palace (1578) and restored many ruined monuments. Beginning in the 17th century, the city became popular among Sufi pilgrims for Morocco's seven patron saints, who are entombed here. In 1912 the French Protectorate in Morocco was established and T'hami el Glaoui became Pasha of Marrakesh and held this position nearly throughout the duration of the protectorate until the role was dissolved upon independence of Morocco and the reestablishment of the monarchy in 1956. In 2009, Marrakesh mayor, Fatima Zahra Mansouri became the second woman to be elected mayor in Morocco.

Like many Moroccan cities, Marrakesh comprises an old fortified city packed with vendors and their stalls (the medina, a UNESCO World Heritage Site, bordered by modern neighbourhoods, the most prominent of which is Gueliz. Today it is one of the busiest cities in Africa and serves as a major economic centre and tourist destination. Tourism is strongly advocated by the reigning Moroccan monarch, Mohammed VI, with the goal of doubling the number of tourists visiting Morocco to 20 million by 2020. Despite the economic recession, real estate and hotel development in Marrakesh has grown dramatically in the 21st century. Marrakesh is particularly popular with the French, and numerous French celebrities own property in the city. Marrakesh has the largest traditional market (souk) in Morocco, with some 18 souks selling wares ranging from traditional Berber carpets to modern consumer electronics. Crafts employ a significant percentage of the population, who primarily sell their products to tourists. Marrakesh is one of North Africa’s largest centres of wildlife trade, despite the illegality of much of this trade. Much of this trade can be found in the medina and adjacent squares. Tortoises are particularly popular for sale as pets but Barbary macaques and snakes can also be seen.





Contact agent
Key features

Opened in October 2010, only 10mn away from Jamaa el Fnaa place, the old medina and the most interesting Marrakesh features...

  • 5 mn away from the airport.
  • 10 mn away from the prestigious Royal Golf Course and the Amelkis Golf Course.

Accommodation

Overall Number: 226 Units.

  • Comfort rooms: 87.
  • Executive rooms: 95 (Units to Sell).
  • Superior suites: 36 (Units to Sell).
  • Pasha suites: 8.

Room Facilities

  • Bath tub or Shower & steaming Hammam.
  • Separated restrooms.
  • Individual air-conditioning & keating system.
  • Satellite TV & direct phone line.
  • Refrigerator, microwave & mini-bar.
  • Individual safe box.
  • Hair dryer & razor plug.
  • Balconies.
  • Free Wifi & Adsl.
  • Kitchens in the apartments.
  • Baby crib, extra bed.
  • Iron & ironing board.

Hotel Facilities

  • Disabled people easy access.
  • Swimming pool.
  • Kids pool & kids club.
  • Hotel shops.
  • Front office service: 24 hours, 7 days a week.
  • Laundry & dry cleaning services.
  • Business centre & free Wifi.
  • Secured parking.
  • Concierge service.

Restaurants & lounges

  • Sidibibi.
  • Hot-spot lounge.
  • L’International.
  • Traviata.
  • XS Restaurant.
  • Café Diem.
  • Cactus Café.
  • Sinatra Lounge.

Ô de Venus Spa

  • Fitness & gym centre.
  • 2 private & 2 public Hammams.
  • 4 jacuzzis.
  • 3 saunas.
  • 7 massage rooms.
  • Aesthetic & hairdressing salon.

Business Centre

  • 1 Plenary meeting room (up to 350 people).
  • 1 breakout room (up to 80 people).
  • 1 breakout room (up to 60 people).
  • Modern audiovisual equipment.

The Property

  • Plot of land: 26,100 sqm.
  • Total constructed area: 33.851 sqm.
  • The property was opened on 1 October, 2010.
  • The 226 room units are distributed in 3 floors within 5 patios with gardens.
  • 2 independent entrances / reception areas and garages, thus allowing future business developments to maximize ROI and yields.

Development Potential

Such independent access iallows the property to partially operate as an hotel, with 87 Rooms and suites, and also as a section title ownership possibility or a fractional title holiday possibility with:

131 Apartments, thus giving higher returns/yields, should such the ownership operation be put in place.

DEVELOPMENT OPPORTUNITY
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CONTACT DETAILS:

Cliff Jacobs

Managing Principal / CEO

Exquisite Hotel Consultants (Pty) Ltd 

Mobile: +27 (0) 84 413 1071 / +27 (0) 61 716 6951
Email: cliff@exquisitehotelconsultants.com
Skype: cliff.jacobs

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