RISMA has taken a major step in its expansion strategy with the acquisition of the entire Centre Multifonctionnel de Guéliz (CMG), a key property in Marrakech that includes both the Radisson Blu hotel in Carré Eden and the adjacent Carré Eden Shopping Center.
The deal, signed on July 18, values the enterprise at 931 million dirhams. After subtracting net debt, the transaction amounts to 524 million dirhams. This move marks a significant acceleration in RISMA’s external growth efforts, which the group plans to intensify in the coming months.
The sale involves two major stakeholders. Résidence Siyaha 2, tied to the Maghreb Siyaha Fund—an investment vehicle that helped develop the Carré Eden project—held 66% of CMG and is selling its full stake. The remaining 34% is being sold by Cap Estate, which is owned by O Capital Group.
While the agreement is now signed, the deal is not yet finalized. It still requires several approvals, including clearance from Morocco’s Competition Council. RISMA expects the acquisition to be completed by September, assuming all conditions are met.
Founded in 1993, RISMA has built a strong presence in Morocco’s hospitality sector. The company operates in eleven cities across the country, with a portfolio of 23 hotels that range from upscale luxury resorts to more budget-friendly options. With this latest acquisition, RISMA continues to reinforce its position as one of the nation’s leading hotel groups.
