Mauritius Hotel Group to Build Second 300-Room Luxury Hotel in Morocco

Mauritian hotel group New Mauritius Hotels (NMH), owner of the Beachcomber brand, is to construct a second 300-room hotel in Morocco. The new project in Marrakech is a joint venture with Yamed, the flagship brand of Ynexis Group. The venture, named Apexia Beachcomber Properties, will acquire the existing Beachcomber hotel and the new hotel, with operational management handled by Fairmont Hotels & Resorts.

According to the group’s Chief Executive Officer, Stéphane Poupinel de Valencé, the expansion is part of a strategy to capitalise on Morocco’s economic transformation.

The country is aiming for a complete overhaul of its economic model by 2030.

The new project follows a strong financial performance for NMH. The company’s turnover increased by 32.4% to Rs 626 million in the first half of the year, despite geopolitical instability in the Middle East and a 5.2-magnitude earthquake in northern Morocco in February 2025.

However, the earthquake did impact the group’s finances. The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) dropped by Rs 34 million due to insurance claims related to the seismic event.

NMH’s success in Morocco is partly attributed to its existing partnership with Fairmont Hotels & Resorts, a Canadian-based luxury hotel chain with a presence in 24 countries.

The new venture with Yamed Group aligns with this strategy of partnering with established entities.

Yamed, like Beachcomber, is focused on bringing an innovative and sustainable approach to the Moroccan real estate sector.

The news of the expansion was reported in Moroccan newspaper Le Matin on August 8, which noted that “NMH is betting big on Marrakech with a new luxury hotel.”

Shares in NMH, which are listed on the Official Market of the Mauritius Stock Exchange, have also performed well. On July 16 of last year, a transaction of Rs 102,763,124.25 was recorded for 9,649,156 shares, with a closing value of Rs 10.60 per share.

Source: l’Express