Deals
Churchill's Moroccan Oasis on Sale in Privatization Push
- Government plans to offer 51% stake in famed Marrakesh hotel
- La Mamounia was the setting for Hitchcock, Oliver Stone films
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Morocco is counting on Alfred Hitchcock and Winston Churchill to help it raise money.
The government plans next year to sell a 51-percent stake in La Mamounia Hotel, a former Marrakesh palace-turned-five-star hotel that has, for decades, welcomed leaders such as Charles de Gaulle, as well as Hollywood elite, according to two people familiar with the plan. They declined to be identified because the sale has yet to be formally approved by the cash-strapped kingdom’s cabinet.