Hilton Returns To The Moroccan Capital
150 room Hilton Rabat to form part of city’s flagship Wessal Bouregreg Development
DUBAI and MCLEAN, Va. - Hilton (NYSE:HLT) will once again be welcoming guests to the Moroccan capital city of Rabat from 2022 after a landmark deal was signed with Wessal Capital. At a ceremony in Dubai, a management agreement for a 150 room Hilton Rabat to form part of the city’s Wessal Bouregreg project was confirmed.
The Wessal Bouregreg master development contains a range of high-end residential, entertainment and cultural attractions on the banks of the river Bouregreg. Guests at Hilton Rabat will enjoy close proximity to a range of new state of the art facilities including a shopping mall, the Zaha Hadid designed Grand Theatre of Rabat and several new cultural components. The hotel itself will offer a range of distinct F&B outlets, an outdoor swimming pool, spa, salon and ample meeting space.
Rudi Jagersbacher, President, Middle East, Africa & Turkey, Hilton said: “This hotel signals our return to Rabat which will be part of the city’s most important master project. Wessal Bouregreg is set to install Rabat as the cultural and entertainment centre of the region and drive significant demand for upscale international accommodation. Last year we took a decision to install a permanent Development presence in North Africa, and have recently successfully opened two hotels in Tanger, with three hotels under construction in Al Houara, Taghazout Bay and Casablanca. So we have great momentum in Morocco and I expect our involvement in this project to be a catalyst for further growth.”
Wessal Capital CEO Abderrahmane El Ouazzani added: “The signing of the management agreement with Hilton is of particular importance to Wessal Capital, being the first of a long line of future hotels that Wessal Capital is developing. The Hilton Rabat hotel will be located in the heart of the Cultural Plaza of the Wessal Bouregreg development. We have chosen Hilton for their historic experience and track record in the hospitality sector.”
About Wessal Capital
Wessal Capital is a €2.5 billion innovative investment fund established to finance transformational tourism and real estate projects in the Kingdom of Morocco. It has a unique shareholding structure with five sovereign wealth funds committing an equal amount of capital: The Kingdom of Morocco through Ithmar Capital, the United Arab Emirates through Aabar, the State of Kuwait through Al Ajial Holding, the State of Qatar through Qatar Holding, and the Kingdom of Saudi Arabia through its Public Investment Fund (PIF).
Wessal Capital invests in projects which develop Morocco’s socio-economic environment, tourism sector and enhance the lives of residents, while attracting international business and tourists. Projects are selected on the basis of their social and environmental responsibility and cultural relevance, as well as their potential financial return.
About Hilton Hotels & Resorts
For nearly 100 years, Hilton Hotels & Resorts has set the benchmark for hospitality around the world, providing new product innovations and services to meet guests' evolving needs. With more than 585 hotels across six continents, Hilton Hotels & Resorts properties are located in the world’s most sought-after destinations for guests who know that where they stay matters. Hilton Honors members who book directly through preferred Hilton channels have access to instant benefits. Begin your journey at www.hilton.com and learn more by visiting newsroom.hilton.com/hhr or following Hilton Hotels & Resorts on Facebook, Twitter and Instagram.
Hilton (NYSE: HLT) is a leading global hospitality company with a portfolio of 17 world-class brands comprising more than 5,600 properties with nearly 913,000 rooms, in 113 countries and territories. Dedicated to fulfilling its mission to be the world’s most hospitable company, Hilton earned a spot on the 2018 world’s best workplaces list, and has welcomed more than 3 billion guests in its nearly 100 year history. Through the award-winning guest loyalty program, Hilton Honors, nearly 85 million members who book directly with Hilton have access to instant benefits, including digital check-in with room selection, Digital Key, and Connected Room. Visit newsroom.hilton.com for more information, and connect with Hilton on Facebook, Twitter, LinkedIn, Instagram, and YouTube.Download Article Photos