Pickalbatros Hotels & Resorts has secured US$250m of sustainability-linked financing: an IFC loan of up to US$165m and US$135m mobilised from other lenders including Attijariwafa Bank. The proceeds fund the acquisition of three hotel assets, refurbishment of properties in Casablanca, Marrakech and Agadir, and the refinancing of existing debt. Total project cost is US$386m, with US$86m from group equity.
Advisers: ADNA, legal counsel to Pickalbatros; Clifford Chance, counsel to IFC and Attijariwafa Bank; Zilla Capital, financial adviser to Pickalbatros.
Source: Morocco World News, 16 October 2026.
