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Azora Launches a Fund to Invest €1.5 Billion in Hotels

This fund has raised 680 million euros and has a capacity for up to 1 billion euros in debt. It will be the largest fund specialising in hotels in Europe.

Hotel BLESS Ibiza azora 1024x682 1
Hotel Bless Ibiza.

The Spanish manager Azora has managed to raise one of the largest capital funds to invest in hotels in Europe. Including debt, it will have the capacity to invest over 1.5 billion euros.

Two years after the takeover of Hispania by the US fund Blackstone, the manager has raised 680 million euros for the Azora European Hotel & Lodging Fund and is hoping to close new investments by the end of the year to give it up to 750 million euros of own capital, which it will use to acquire vacation and urban hotels in Europe.

Read the full article in Spanish.

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