Azora finalizes the closing of its fund to invest in hotels in southern Europe

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.

Azora finalizes the closing of its fund to invest in hotels in southern Europe.

The second homeowner company in Spain plans to capture 650 million euros and focus its activity on Spain, where it already has ten hotels.

Azora looks to close its Azora European Hotel & Lodging fund, with which they expect to raise 650 million euros.

The fund looks to invest in hotels in southern Europe, since, for the company “Spain is the most powerful country in this market”, according to the Founding Partner of Azora, Concha Osácar. Azora plans to shift focus to European Hotel & Lodging on its business in urban hotels in tourist cities.

Currently, the company has ten hotels in Spain and one in Italy, as well as hostels in Madrid, Bilbao, Brussels and Lisbon.

In addition, Azora has applied to participate in the rental housing promotion plan that the government intends to promote through the transfer of public land to private developers for a period of fifty years.

This article was written and published in Spanish and has been translated into English via Google Translate. Click here to read the original article.