Sunday, September 27, 2020
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NH To Invest €50 Million to Operate 8 Covivio Hotels in Europe

The hotel group has reached an agreement with Covivio to manage eight luxury hotels in Europe totalling 1,115 beds and in which it will invest 50.5 million euros.

NH Collection Roma Palazzo Cinquecento.

The NH Hoteles chain has signed an agreement with the French real estate company Covivio to manage eight of its luxury hotels in Europe. The contract, which was first announced in January, grants the operation of its establishments located in Florence, Rome, Nice, Prague, Venice (2) and Budapest (2).

Following the completion of an intensive Capex repositioning investment program financed by Covivio, “the eight hotels will be operated by the NH Hotel Group under the Anantara, NH Collection and NH brands”, explained the hotel group in a statement to the CNMV.

Read the full article in Spanish.

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