Description
Joint financing with banks of renovation programs for eligible tourism accommodations.
Organization
Central Garantee Fund (Tamwilcom)
Detail
Joint financing with the banks of the renovation programs of the eligible tourist accommodation establishments.
Ceilings: RENOVOTEL’s share is limited to MMAD 20 per tourist accommodation establishment, all operations included, and this for a period of 10 years as from the date of the last financed operation.
Duration: 12 years maximum including a delay of no more than 2 years.
The maximum cost of renovation programs per room:
- 5* hotels: MAD 250 000;
- 4* hotels: MAD 200 000;
- Hotels 3*: MAD 130 000;
- 2* hotels: MAD 100 000;
- 1* hotels: MAD 80 000;
- Club Hotels (CH) : MAD 200 000;
- Hotel Residences (RH) : MAD 130 000;
- Guest houses (GH): MAD 100 000.
Eligibility
Beneficiary businesses:
Tourist accommodation establishments (5-star, 4-star, 3-star, 2-star, 1-star hotels, club hotels (CH), hotel residences (HR) and guest houses) meeting the following conditions:
- Be in operation and have at least five (5) years of continous or non-continuous operation;
- Be in regular status with respect to the tax authority and the NSSF;
- Be in good standing regarding the repayment of State advances granted under the tourism investment code;
- Should not be subject to a restructuring or judicial liquidation proceedings.
