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Azora Secures more than €500M in Financing for its New Hotel Fund

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Hotel Bless Ibiza, owned by Azora and the Palladium group

The fund, which focuses on investing in tourism and leisure (hotels and hostels) and which targets the Mediterranean Arc, will require a second round of financing to reach the maximum objective set by the company of €750 million. The fund’s total investment capacity will amount to around €1.2 billion, including equity and debt.

Azora European Hotel & Lodging already owns a portfolio of 9 hotels in Spain, located in Benidorm, the Costa del Sol and Ibiza, plus another in Sicily (Italy), which together contain more than 2,000 beds. The company also owns 4 hostels located in Madrid, Bilbao, Lisbon and Brussels, which are managed by Azora itself.

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