Azora, the Madrid-based European private equity real estate manager, announces that it has acquired the Arenas Resort Giverola, in Costa Brava Spain, from leading Swiss hotel group Arenas the Resorts. The acquisition has been made on behalf of the Azora European Hotel and Lodging, F.C.R. and represents the Fund’s first purchase since Azora assembled its seed portfolio ahead of a €680m first close last summer.
Azora Buys Arenas 213 Unit Apartment Hotel Complex in Spain’s Costa Brava to Transform into Four-Star Resort
€40M Earmarked for Development Costs to Reposistion Resort Spanning 35 Hectares
By Sharon Smyth
CoStar News
April 27, 2021 | 10:15 AM
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