Thursday, July 9, 2020
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Millenium Finalises Negotiations to Add 3 New Hotels to its Portfolio

The Socimi, which has just launched a capital increase amounting to €150 million, has closed an agreement to build a new hotel during the lockdown and is now finalising three purchases.

With the end of the State of Emergency, a new phase has begun for companies in which major opportunities may arise. And the Socimi Millenium is ready to take advantage of them. “The scene that will open up next year will be an ideal time to buy,” says the company’s president, Javier Illán.

The hotel firm has been the first to launch a capital increase following the pandemic. Quite a challenge, since it is sticking to the roadmap that was set out before the outbreak of the coronavirus crisis. The operation was approved at the General Shareholders’ Meeting in December, but now the firm’s appetite is increasing.

Read the full article in Spanish.

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