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Dentons Morocco advises on the disposal of a majority stake of Cantor Hôtels to ONOMO Group

11 Jun 2018

Dentons Morocco has advised Cantor, Moroccan insurance companies Atlanta and Sanad, Inmaa Capital and Orion Holding on the disposal of a majority stake of the share capital and voting rights of Cantor Hôtels to ONOMO Group. Cantor Hôtels owns a portfolio of six hotels in the cities of Casablanca, Rabat and Tangier totaling 740 rooms.

The hotels will be operated under the brand name ONOMO Hotels and will be positioned in the mid-range business hotel sector. This transaction is an additional step for ONOMO on the African continent, with Casablanca serving as an operational hub.

Founded in 2010 by Hassan Ait Ali, Cantor Hôtels is a Moroccan hotel group which specializes in the business segment.

ONOMO is an African group of three-star hotels dedicated to business clients.

The Dentons team in Casablanca was led by managing partner Patrick Larrivé, of counsel Mouna Boubia, and associates Mouna Lahmamssi and Mbarka Oubarka.

Matter Type
Asset Sale: Seller's Counsel
Industry
Sport & Leisure
News Category
Real Estate & Construction
M&A