Home English Azora’s New H...

Azora’s New Hotel Fund Finalises its First Acquisition on the Costa Brava

Azora, through its fund Azora European Hotel and Lodging, F.C.R. (Azora EH&L), has acquired the Arenas Resort Giverola (Tossa de Mar, Girona) from the Swiss hotel group Arenas Resorts.

Arenas Resort Giverola (Tossa de Mar, Girona).

The facility is a complex of 213 flats, a glamping site, five restaurants and bars, sports facilities, swimming pools, a spa and a large car park. It is located in the municipality of Tossa del Mar, in the northeast of Catalonia and will be managed by Med Playa. The fund plans to invest 40 million euros in carrying out a comprehensive refurbishment and expansion of the existing facilities at both the hotel and the campsite.

The fund plans to carry out a very ambitious refurbishment plan at the hotel, aiming to reposition the asset and achieve a 4-star rating. The refurbishment will be carried out in two phases, which is due to commence in November 2021, when this season ends.

Read the full article in Spanish

B-Exclusives

The Largest Players in Housing Sales and Rentals in Madrid

The big data platform Brainsre has conducted a study to determine the leading real estate brokerage firms that dominate the supply of housing for sale and rent in Madrid and its neighbourhoods.

The Leaders of Spain’s Rental Housing Market

Engel & Volkers, aProperties and Spotahome lead Spain’s rental housing market by volume, according to Brainsre data.

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Latest news

Meridia Acquires Office Building in 22@ from Zurich

The company paid 10.3 million euros for a 4,300-square-metre office building in the 22@ district.

Logistics Investments Reach €164 Million in 1Q21 Due to Land Purchases

According to the report by Colliers, 60% of the transactions were related to land.

Merlin Initiates Its First Turnkey Project at Cabanillas Park II for Logista

Logista will eventually occupy the logistics warehouse, comprising a surface area of more than 47,000 m2, with the option to add a further 47,000 m2 within a year.