52701
Pickalbatros Holding for Financial Investments
May 28, 2026
Morocco
Africa
Jun 29, 2026
B - Limited
Pending Disbursement
Jul 5, 2026
Regional Industry - MAS Africa
Tourism, Retail and Property
Approved : Jun 26, 2026
Signed : Jul 1, 2026
Resort Hotel (Including Lodges)
The proposed investment is an A Loan of up to US$165 million (partially de-risked through an MCPP credit insurance cover) alongside US$135 million mobilized from B/parallel lenders to four Moroccan subsidiaries of the Pickalbatros Group (the “Group”), one of Africa’s largest and most diversified hospitality platforms with 39 hotels and ~16,000 keys across Egypt and Morocco. The Proposed investment will finance (i) the acquisition of the three assets, (ii) the refurbishment and upgrade of both newly acquired and selected existing hotels, and (iii) refinancing of existing debt, with implementation over 2026–2028.
The Project includes sustainability-linked features tied to environmental performance improvements, with refurbishment expected to deliver energy and water efficiency gains, contributing to IFC’s climate objectives.
The proposed investment is enabled by IFC Upstream advisory support, which is assisting the Group in strengthening sustainability practices and establishing an appropriate holding structure.
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Local Access of Project Documentation
Pickalbatros Group
7th Abdel Moneim Reyad St, Mohandeseen, Giza, Egypt