President of luxury hotel group denounces transfer to French group

President of luxury hotel group "Dounia-PLM," Abdelhadi Alami, denounced strongly the transfer by the credit bank "CIH" of two units to French group "Accor."

In a press conference, Alami called for a fair solution and said the CIH turned down a settlement proposal made by his group. The group proposed to be granted the management of the two hotels, pending their transfer to South African "Stock and Stock" group. He said the CIH preferred to transfer the two hotels to the French "Accor" and sign a five year renewable management contract without guarantees.

The businessman also played down the role of foreign investors in promoting tourism in Morocco, arguing that the progress which has so far been achieved is the result of investments made by Moroccan nationals.

He also called for rehabilitating Moroccan enterprises and protecting them against unfair competition of foreign enterprises.

According to the CIH general manager, the bank opted for Accor to operate "Palais des Congres," a prestigious conference facility, and Mansour Eddahbi hotel in Marrakesh in view of the French group excellent professional experience.

The CIH is a bank specialized in financing, through loans, hotel facilities and the acquisition of real estate property.