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Fes
$650,000

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Status:  Active
Other
 
Bedrooms:  20
Pet Friendly:  No
 
Type:  Hotel Development
Price:  $650,000
 

This property is a unique hotel development project in the heart of historic Fes Medina. Located on a quiet street, ten minutes walking distance to the walled city and a twenty minute ride to the local international airport, this property has superb Moroccan architecture believed to be dated to the 18th century. Architectural plans have been approved for a 20 room hotel in this historic setting, with unique interiors, exceptional architectural details and exotic elements. The approved project will also include a swimming pool,a Moroccan spa, internal gardens and more. In the heart of the property is a fabulous mosaic courtyard and fountain, typical to the Moroccan lifestyle. A roof terrace affords plenty of sunbathing and dining al fresco. The second upper roof terrace has magnificent 360 degree views across the Medina and beyond to the mountains. The walls of the Riad, or villa, are covered with outstanding hand carved plasterwork. The entire building benefits from magnificent hand carved cedar woodwork throughout - balconies, doors and windows. The Riad has unusual mosaic design patterns made with hand made zellij tiles. Antique hand made ironwork varies in design throughout the building. The Fes Medina is a UNESCO World Heritage Site and has seen an increase of direct flights in recent years from all major cities. A stable supply of tourism and government tax incentives for foreign investors makes this investment project an opportunity of a lifetime.

Maura Jarach, Associate Broker
Senior Vice President
Office Phone: 646-726-4860 [ext 706]
Cell Phone: 646-418-4150
Fax: 646-219-0461
mjarach@heddingsproperty.com