ONCF to Sell Morocco’s La Mamounia Hotel to Cut $1 Billion Debt

Rabat – Morocco’s national state-owned railway company ONCF is planning to sell the luxury La Mamounia hotel in Marrakech. The company seeks to sell the hotel to another state institution to get rid of  $1 billion of debt, General Director...

ONCF to Sell Morocco’s La Mamounia Hotel to Cut $1 Billion Debt

Rabat – Morocco’s national state-owned railway company ONCF is planning to sell the luxury La Mamounia hotel in Marrakech. The company seeks to sell the hotel to another state institution to get rid of  $1 billion of debt, General Director of ONCF Rabbi Khlie said on Wednesday, November 20. ONCF owns 60% shares in the […]

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