New Mauritius Hotels Ltd (NMH) has announced the launch of the second phase of the Royal Palm Marrakech development, reaffirming its long-term commitment to Morocco. The investment significantly exceeds the amounts initially planned under the 2006 framework agreement signed with the Moroccan government. For this second phase of the tourism project, NMH has partnered with Ynexis Group (formerly Yamed Group), a prominent strategic financial partner in Morocco with strong expertise in hotel investment. The investment in the future 300-key luxury hotel now exceeds 600 million dirhams. With over 70 years of experience, NMH is listed on the Stock Exchange of Mauritius and features on the sustainable development index. BH, Domaine Palm Marrakech S.A. (DPM), and Ynexis Group have joined forces to create Apexia Beachcomber Properties, an OPCI (real estate collective investment scheme) designed to own the existing hotel infrastructure and build the second hotel. Hotel management will be entrusted to Fairmont Hotels & Resorts, while the residential component will remain independent.
