Azora, the Madrid-based European real estate investment manager, has completed the acquisition of two 5-star hotels in Portugal’s Algarve region on behalf of its Azora European Hotel and Lodging Fund, through a sale and manage back transaction for €148 million with Minor International, the international hotel and restaurant group which acquired the NH Hotel Group for €2.3 billion in October 2018.
Azora Buys Two Hotels in Portugal’s Algarve for €148 Million in 20-Year Sale and Leaseback
The Five-Star Tivoli Hotels Comprising 631 Keys Were Sold by Minor International
By Sharon Smyth
CoStar News
July 21, 2021 | 6:23 AM
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