Ento Capital Injects $220 Million into Marrakech's Résidences Ritz-Carlton Luxury Development
In a significant financial move, the high-end real estate project, Résidences Ritz-Carlton Marrakech, has secured a substantial investment exceeding $220 million from Ento Capital, the esteemed investment bank. This infusion of capital aims to bolster the ongoing construction and management of the opulent residences and hotel situated just outside the vibrant city of Marrakech.
Ento Capital has formed a strategic alliance with Al Amal Investment Company (SIAMA), the visionary force behind the expansive 50-hectare project. As part of this collaboration, Ento Capital is set to deliver world-class asset management services and coordinate various aspects of the high-end development.
The expansive Résidences Ritz-Carlton Marrakech encompasses a luxurious Ritz-Carlton hotel featuring 60 suites and 20 hotel villas, alongside 85 residential villas ranging from 3 to 5 bedrooms. The private villas boast expansive terraces, en-suite bathrooms, fully-equipped kitchens, private pools, and secluded gardens. Residents will have exclusive access to premier amenities, including polo grounds, a clubhouse, and an equestrian center.
The substantial financial backing from Ento Capital, managing a substantial portfolio of $4.6 billion in assets, signifies the investment bank's deliberate foray into the North African real estate market. The infusion of funds is poised to redefine Marrakech's hospitality landscape, elevating it with unparalleled services and facilities offered by the luxury residences.