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In 2019, the government of Morocco announced that state-owned railway company ONCF would sell a 60% stake it owned in the hotel in a privatization deal to cut its debt. [17] In 2020, the mansion, its four restaurants, four bars, and various pavilions were renovated. Chefs Pierre Hermé and Jean-Georges Vongerichten each redesigned one of the ...
The resort was part of a wider strategy launched in 2001 by King Mohammed VI to boost tourism in Morocco by creating, with the help of foreign investors, [12] large coastal resorts in El Jadida, Essaouira, Saïdia, and other cities on the Moroccan coast. [12] [39] The city is also a popular summer holiday resort for Moroccan families. [11]
Club Med SAS, commonly known as Club Med and previously known as Club Méditerranée SA, is a French travel and tourism operator headquartered in Paris, specializing in all-inclusive holidays. Founded in 1950, the company has been primarily owned by the Chinese conglomerate Fosun Group since 2013. Club Med either wholly owns or operates nearly ...
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The modern tourist industry capitalizes on Morocco's ancient Roman and Islamic sites, and on its landscape and cultural history. 60% of Morocco's tourists visit for its culture and heritage. [13] Agadir is a major coastal resort and has a third of all Moroccan bed nights. It is a base for tours to the Atlas Mountains. [9]
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