At least 12 people are thought to have been killed, including gunmen and Malian soldiers, after suspected Islamist insurgents battled the army in the central Malian town of Sevare.
Four United Nations workers survived the siege, but at least four other foreign nationals are feared to have died at and around Hotel Byblos.
One South African has been confirmed dead by officials.
The gunmen had retreated to the hotel after attacking a nearby army base.
No-one has claimed responsibility for the attack.
At least three gunmen are dead and seven have been arrested, while five Malian soldiers were said to have been killed in the attack.
The South African who was killed in the attack worked for an aviation company used by the UN in Mali, a South African foreign ministry spokesman tweeted.
Another two South Africans, one Russian and one Ukrainian walked out alive from the hotel, after a pre-dawn raid by Malian paramilitaries.
The men are pilots and engineers contracted by Minusma, the United Nations mission in Mali.
A UN spokeswoman said the survivors had not been held hostage. They had managed to hide in the hotel during the siege.
"The Minusma contractors were never held hostage. The whole time they were inside the hotel, the gunmen did not know of their presence. They were hiding and we managed to keep in contact with them," she told the BBC.
"The gunmen had retreated to the hotel after attacking the Malian army facility which is only 20 metres from the hotel."
A spokesman for the Malian forces said four bodies were found inside the Byblos Hotel after the early raid.
Mali has been fighting Islamist rebels in the north for a number of years.
A total of at least 13 people are thought to have died since gunmen swept through Sevare on Friday morning on motorbikes, attacking an air force base before taking over the hotel.
It is unclear which group was behind the attack, but Islamist militants have claimed responsibility for other recent attacks in the south and centre of Mali.
The town, which is about 600km (370 miles) north-east of the capital, Bamako, is a trading hub that serves the historic riverside city of Mopti.
A local resident told the BBC on Friday that it was the first time the town has faced an attack like this.
"Since the beginning of the fighting in Mali, we haven't experienced such a situation in Sevare."
"We would expect these things to happen in Gao or Timbuktu, but this the first time it has happened in Sevare," he said.
The UN force in Mali took over responsibility for security in the country from French troops in July 2013.
France, the former colonial power in Mali, intervened in the country after Islamist militants threatened to march on Bamako in January 2013.
Militancy in Mali
October 2011: Ethnic Tuaregs launch rebellion after returning with arms from Libya
March 2012: Army coup over government's handling of rebellion
April 2012: Tuareg and al-Qaeda-linked fighters seize control of north
June 2012: Islamist groups capture Timbuktu, Kidal and Gao from Tuaregs, start to destroy Muslim shrines and manuscripts and impose Sharia
January 2013: Islamist fighters capture a central town, raising fears they could reach Bamako. Mali requests French help
July 2013: UN force, now totalling about 9,750, takes over responsibility for securing the north after Islamists routed from towns
July 2014: France launches an operation in the Sahel to stem emergence of jihadist groups
2015:Sporadic attacks continue in desert area of northern Mali, blamed on Tuareg and Islamist groups.
Keep these in mind as you contemplate the direction of the American government over the past 50 years and especially since the Obama election.
The Goals of Communism
(as read into the congressional record January 10, 1963, from "The Naked Communist" by Cleon Skousen)
1. U.S. acceptance of coexistence as the only alternative to atomic war.
2. U.S. willingness to capitulate in preference to engaging in atomic war.
3. Develop the illusion that total disarmament of the United States would be a demonstration of moral strength.
4. Permit free trade between all nations regardless of Communist affiliation and regardless of whether or not items could be used for war.
5. Extension of long-term loans to Russia and Soviet satellites.
6. Provide American aid to all nations regardless of Communist domination.
7. Grant recognition of Red China. Admission of Red China to the U.N.
8. Set up East and West Germany as separate states in spite of Khrushchev's promise in 1955 to settle the German question by free elections under supervision of the U.N.
9. Prolong the conferences to ban atomic tests because the United States has agreed to suspend tests as long as negotiations are in progress.
10. Allow all Soviet satellites individual representation in the U.N.
11. Promote the U.N. as the only hope for mankind. If its charter is rewritten, demand that it be set up as a one-world government with its own independent armed forces. (Some Communist leaders believe the world can be taken over as easily by the U.N. as by Moscow. Sometimes these two centers compete with each other as they are now doing in the Congo.)
12. Resist any attempt to outlaw the Communist Party.
13. Do away with all loyalty oaths.
14. Continue giving Russia access to the U.S. Patent Office.
15. Capture one or both of the political parties in the United States.
16. Use technical decisions of the courts to weaken basic American institutions by claiming their activities violate civil rights.
17. Get control of the schools. Use them as transmission belts for socialism and current Communist propaganda. Soften the curriculum. Get control of teachers' associations. Put the party line in textbooks.
18. Gain control of all student newspapers.
19. Use student riots to foment public protests against programs or organizations which are under Communist attack.
20. Infiltrate the press. Get control of book-review assignments, editorial writing, policymaking positions.
21. Gain control of key positions in radio, TV, and motion pictures.
22. Continue discrediting American culture by degrading all forms of artistic expression. An American Communist cell was told to "eliminate all good sculpture from parks and buildings, substitute shapeless, awkward and meaningless forms."
23. Control art critics and directors of art museums. "Our plan is to promote ugliness, repulsive, meaningless art."
24. Eliminate all laws governing obscenity by calling them "censorship" and a violation of free speech and free press.
25. Break down cultural standards of morality by promoting pornography and obscenity in books, magazines, motion pictures, radio, and TV.
26. Present homosexuality, degeneracy and promiscuity as "normal, natural, healthy."
27. Infiltrate the churches and replace revealed religion with "social" religion. Discredit the Bible and emphasize the need for intellectual maturity which does not need a "religious crutch."
28. Eliminate prayer or any phase of religious expression in the schools on the ground that it violates the principle of "separation of church and state."
29. Discredit the American Constitution by calling it inadequate, old-fashioned, out of step with modern needs, a hindrance to cooperation between nations on a worldwide basis.
30. Discredit the American Founding Fathers. Present them as selfish aristocrats who had no concern for the "common man."
31. Belittle all forms of American culture and discourage the teaching of American history on the ground that it was only a minor part of the "big picture." Give more emphasis to Russian history since the Communists took over.
32. Support any socialist movement to give centralized control over any part of the culture--education, social agencies, welfare programs, mental health clinics, etc.
33. Eliminate all laws or procedures which interfere with the operation of the Communist apparatus.
34. Eliminate the House Committee on Un-American Activities.
35. Discredit and eventually dismantle the FBI.
36. Infiltrate and gain control of more unions.
37. Infiltrate and gain control of big business.
38. Transfer some of the powers of arrest from the police to social agencies. Treat all behavioral problems as psychiatric disorders which no one but psychiatrists can understand.
39. Dominate the psychiatric profession and use mental health laws as a means of gaining coercive control over those who oppose Communist goals.
40. Discredit the family as an institution. Encourage promiscuity and easy divorce.
41. Emphasize the need to raise children away from the negative influence of parents. Attribute prejudices, mental blocks and retarding of children to suppressive influence of parents.
42. Create the impression that violence and insurrection are legitimate aspects of the American tradition; that students and special-interest groups should rise up and use united force to solve economic, political or social problems.
43. Overthrow all colonial governments before native populations are ready for self-government.
44. Internationalize the Panama Canal.
45. Repeal the Connally reservation so the United States cannot prevent the World Court from seizing jurisdiction over nations and individuals alike.
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