Hospitality & Tourism
CIH Bank sells Club Sangho to KMR Groupe, which is expanding in the hotel business in Morocco

CIH Bank sells Club Sangho to KMR Groupe, which is expanding in the hotel business in Morocco

Following acquisitions of university campuses and clinics, the group led by Mohamed Kabbadj is buying the Sangho Hotel in Marrakech and plans to set up in Agadir.

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            ▪ CIH Bank sells Club Sangho to KMR Groupe, which is expanding in the hotel business in Morocco

▪ Following acquisitions of university campuses and clinics, the group led by Mohamed Kabbadj is buying the Sangho Hotel in Marrakech and plans to set up in Agadir.

http://www.jeuneafriquebusinessplus.com/en/802326/cih-bank-cede-club-sangho-a-groupe-kmr-qui-setend-dans-lhotellerie-au-maroc/

18/01/2020 at 17h35, by Tarik Bargal, updated 20/01/2020

CGHT Club Sangho Marrakech, which has long been a loss-making concern, is in the process of changing hands after returning to profitability. CIH Bank, which controls the entire capital of the company that operates the four-star Hôtel Marrakech Le Sangho Privilège, has accepted the offer submitted by Foncière KMR.

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