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Redevco Enters the European Hotel Market With the Purchase of 6 Assets on the Iberian Peninsula For €80 Million

The manager plans to invest up to 250 million euros in total in hotels in Spain and Portugal after making its debut in Sevilla, Bilbao, Málaga, Lisbon and Porto.

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Redevco, one of the largest real estate managers in Europe, has fully entered the hotel market on the Old Continent and has chosen the Iberian Peninsula to make its debut. It has done so by acquiring six assets in one fell swoop for 80 million euros. And very soon it plans to triple its investment through further acquisitions.

The investments to date are located in Lisbon, Bilbao, Sevilla, Porto and Málaga and will serve as the basis for the launch of the Next Gen Stays joint venture platform by Redevco. In Madrid, the manager is already known since it was responsible for the renovation of the Mercado San Miguel after it acquired that asset for 70 million euros.

Read the full article in Spanish.

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