Norton Rose Fulbright advises Assoufid Properties Development S.A. on the negotiation of hotel contracts with Marriott International Group

Press release - Business February 14, 2019

Global law firm Norton Rose Fulbright has advised Assoufid Properties Development S.A., housing promotion group based in Morocco, on the negotiation of hotel contracts with Marriott Group for the creation of the St Regis Marrakech Resort.

The hotel will comprise 80 rooms and villas, a spa, a swimming-pool and various restaurants. It will be built by United Real Estate Company. Opening is planned in 2024.

The team in charge of advising Assoufid Properties Development S.A. was led by of counsel Mathieu Dahan, assisted by associate Ismaël Sinaceur. Both have already operated on behalf of the owner of another Marriott resort set to open in 2019, the Marriott - Taghazout Bay.

Alain Malek, corporate partner and co-head of the Casablanca office, Norton Rose Fulbright, commented: “We are delighted to have advised Assoufid Properties Development on this wonderful resort project in Morocco. This transaction reinforces our leading position in the hotel industry in the MENA region, in Morocco particularly.”

For further information please contact:

Carole Guettier, Senior business development manager, Norton Rose Fulbright LLP
Tél: + 33 (0)1 56 59 52 75
carole.guettier@nortonrosefulbright.com

Charles Billiard, Communication Executive, Norton Rose Fulbright LLP
Tél: + 33 (0)1 56 59 52 96
charles.billiard@nortonrosefulbright.com

Notes for editors:

Norton Rose Fulbright is a global law firm providing the world’s preeminent corporations and financial institutions with a full business law service. The firm has more than 4,000 lawyers and other legal staff based in Europe, the United States, Canada, Latin America, Asia, Australia, Africa and the Middle East.

Recognized for its industry focus, Norton Rose Fulbright is strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through its global risk advisory group, the firm leverages its industry experience with its knowledge of legal, regulatory, compliance and governance issues to provide clients with practical solutions to the legal and regulatory risks facing their businesses.

Norton Rose Fulbright operates in accordance with its global business principles of quality, unity and integrity, aiming to provide the highest possible standard of legal service in each of its offices and to maintain that level of quality at every point of contact.

Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg.

For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices